The proposed preferential priority of prepaying consumers : a fair pack of insolvency recommendations?

Akintola, Kayode (2018) The proposed preferential priority of prepaying consumers : a fair pack of insolvency recommendations? Journal of Business Law, 2018 (1). pp. 1-14. ISSN 0021-9460

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Abstract

Comments on the Law Commission's proposal in its 2016 report "Consumer Prepayments on Retailer Insolvency" that prepaying consumers should be given preferential status in retail insolvencies, including: its rationale; its cost impact on the insolvency; the validity of trusts created for consumers in the "twilight period"; and the wider concern that the prescribed part cannot guarantee unsecured creditor realisations in insolvency.