questionText: To ask the Secretary of State for Business and Trade, what recent assessment he has made of the effectiveness of current enforcement powers where directors of insolvent companies resume trading through new companies; and what steps he is taking to strengthen consumer protection in such cases.
answerText: Both civil and criminal enforcement tools, are used to address corporate abuse, that includes phoenixism. Director disqualification helps to protect the public from individuals who have demonstrated that they are unfit to be involved in the management of ...
heading: Insolvency