New rules in the UK allow Companies House to share non-public information with insolvency officeholders and the Official Receiver.
While in many cases there may be limited non-public information available from Companies House that will be useful to insolvency officeholders, this is another tool available to deploy in appropriate cases. It is specifically envisaged to assist officeholders pursuing claims for fraudulent and wrongful trading, transactions at an undervalue and preferences.
United Kingdom, Company & Commercial, Insolvency & Restructuring, IT & Data Protection, Litigation, Freshfields, Personal data, Confidential information, GDPR, Economic Crime and Corporate Transparency Act 2023 (UK)
Can a debtor reinstate a defaulted loan under a Chapter 11 plan without paying default rate interest? This question was analyzed thoroughly in a recent Southern District of New York Bankruptcy Court decision by Judge Philip Bentley.