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Avoiding the insolvency snare


The Government recently introduced legislation changes to help resuscitate the economy, writes Wright Hassall’s Lindsay Ellis – but while many are simple, some are more complicated, with far-reaching consequences for the unwary …
One of the most significant changes appears in Section 233B of the Insolvency Act 1986 (introduced by the recent Corporate Insolvency and Governance Act), which prevents businesses from terminating supply to a customer on the grounds the customer has become insolvent.


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