Vol 21 (2024) - Issue 6

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A Model for a New Approach to Distribution During Corporate Insolvency – Part Four

Synopsis
This four-part article series presents potential proposals for reforms to distribution during English corporate insolvencies. It follows the author's previous empirical study which showed that returns to creditors during
distribution are extremely low and costs of the procedure disproportionately high. Based on those findings, this series discusses potential areas for improvements and explores the use of technology, registration, and insurance during distribution. The reforms proposed by the author are dubbed the 'New Approach'.
Parts One, Two, and Three of this article series introduced reforms to English corporate insolvencies. The series so far discussed the implementation of a registration regime, applying developing technologies, and insurance to distribution. Part Four concludes this series by exploring certain drawbacks of the proposals and summarising the New Approach.