Insolvency ‘pre-packs’ save jobs says leading academic
A leading academic who has been evaluating the strategies of insolvency practitioners in ‘pre-pack' deals says her research indicates strongly that they are the best vehicle for saving jobs. A pre-pack is a deal for the sale of an insolvent company's assets which is put in place before the company goes through the insolvency process - but such deals have been the cause of controversy over the last few years.
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