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The Government's report on pre pack sales - Carrick Read Solicitors, Leeds |

The Government’s report on pre pack sales

The Government’s report on pre pack sales has now been made available

In summary it clarifies that there are still concerns over sales to connected parties and the workings of SIP 16. Over a third of sales were for less than market value. At least 1 in 5 SIP 16 statements was found to be non compliant

It is intended that more reliance be placed upon an independent opinion on the sale terms or creditors approval

The full report is available on the Government website