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    Pre-packs in the spotlight again
    24 February 2009

    Pre-pack sales continue to attract attention and create controversy. A pre-pack occurs when a deal is agreed for the sale of the business and assets of a struggling company prior to formal insolvency proceedings being instigated. The purchase is effected upon the appointment of the insolvency practitioner and the purchaser is very often a vehicle in which the directors/shareholders have a stake.

    United Kingdom, Insolvency & Restructuring, MacRoberts LLP, Shareholder, Debt, Precondition

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