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Insolvency Practitioners: A Corporate Killing

Duration:
40 minutes
First broadcast:
Tuesday 12 October 2010

Do Insolvency Practitioners measure up to the high standards expected of them when they are called in to a stricken business? Allan Urry examines concerns that some IP's don't always act in the best interests of creditors who are owed money when companies fail. Are landlords right to complain they've been getting a raw deal because some corporate undertakers side too much with their retail paymasters, who are pushing for reduced rents because their businesses are in trouble.

The Office of Fair Trading is calling for far reaching reforms amid concerns about high fees and low recovery rates for some creditors. So is there proper oversight of a profession which takes a billion pounds in fees each year, but isn't subjected to much public scrutiny?

PRODUCER: Paul Grant.

  • Insolvency practitioners poorly regulated, says expert

    Insolvency practitioners poorly regulated, says expert

    Stephen Hunt highlights some of the cases he has been called in to investigate involving malpractice by insolvency practitioners. He says inadequate regulation means the system is open to abuse and creditors don't always get a fair deal.

    Read Allan Urry's business feature on the BBC website.
  • READ THE PROGRAMME TRANSCRIPT

    READ THE PROGRAMME TRANSCRIPT

    Read the transcript of Allan Urry's investigation into whether insolvency practitioners measure up to the high standards expected of them when they are called in to a stricken business?

    Read the transcript

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