Insolvency measures supporting businesses during the pandemic and helping them recover, are set to be extended till the end of June 2021.
The measures were introduced in the Corporate Insolvency and Governance Act in March 2020, including protecting businesses from aggressive creditor enforcement and removing personal liability on company directors, and have been previously extended on a number of occasions.
The measures being extended till the end of June 2021:
- Statutory demands and winding-up petitions will continue to be restricted to protect companies from creditor enforcement action due to debts related to coronavirus (COVID-19).
- Small suppliers will not have to continue to supply a business in insolvency. However, larger sup…
Read the full article at: https://www.miragenews.com/uk-government-extends-business-support-measures-534498/
