Does the UK need Chapter 11?

Does the UK need Chapter 11?
Document type
Barker, Roger
Institute of Directors
Date of publication
1 June 2009
Trends: economic, social and technology trends affecting business
Business and management
Material type

This item is only available to registered users

Register now or Log in

Your use of this content is subject to the terms and conditions of this portal

A report describes the current British regime for corporate insolvency, and suggests that the UK should introduce a process similar to the USA's “Chapter 11” regime where a company's existing management are supported to rescue it from insolvency. Statistics for corporate insolvencies and their outcomes in the UK are included. It is argued that differences between the UK and USA responses to corporate insolvency are the result of social attitudes, with UK opinion holding that insolvencies are the result of failure on the part of company directors and executives for which they should face negative consequences, and USA opinion considering them to be an inevitable risk of business.

Related to Trends: economic, social and technology trends affecting business

Follow the money: exploring the link between UK growth and workers' pay packets

Downloadable briefing note looking at the relationship between productivity and pay growth

From precarity to empowerment: women and the future of work

Downloadable paper on ensuring a fair future of work for women

Economic insecurity: the case for a 21st century safety net

Downloadable paper on how economic insecurity is experienced by workers

Business planning for Brexit

Downloadable IoD guide on preparing your business for Brexit

More items related to this subject