Proposals to introduce a better application system for bankruptcy and company windings up have been announced by business minister Edward Davey. The government says it wants to see a more efficient service for all parties and hopes the new proposals will save time and money when businesses and consumers get into trouble, as well as delivering better outcomes for both creditors and debtors. The consultation, entitled: ‘Reform of the Process to Apply for Bankruptcy and Compulsory Winding Up Petition Reform ’ proposes that....Read more here---> BIS announces new bankruptcy proposals