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Insolvency Service unveils five-year strategy to speed up cases and crack down on phoenix companies”

The UK association for restructuring, turnaround and insolvency professionals has welcomed the Insolvency Service’s new five-year strategy promising to crack down on abusive business practices and resolve insolvencies faster. Chief executive of R3, Caroline Summers, said the group welcomed the focus on intervening earlier to help “people and businesses address financial difficulties,” as well as…