The Business, Innovation and Skills Committee announced an inquiry into the Insolvency Service on 30 November 2011, which looked at:
- The role and functions of the Insolvency Service, including:
- Pre-pack administrations (issues of transparency, their link to ‘phoenix’ companies);
- Possible regulation and sanction of licensed insolvency practitioners;
- Creation of an Insolvency Ombudsman?
- Strengthening of the control of IP’s remuneration?; and
- The effects of the reductions in the Service’s staff and budget.
The Insolvency Service: further information, including oral and written evidence