Vol 21 (2024) - Issue 5

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

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'.
Part Three continues from Parts One and Two of this article series which introduced reforms to corporate insolvency distributions. Part One of the article provided a theoretical background to the New Approach and
Part Two described its main functionality and key features (e.g., the use of registration, technology, and registration). Part Three of the series takes a deeper dive into the impact of the reforms on different stakeholders and addresses potential drawbacks of the suggestions.
Part One and Part Two of the article series introduced the New Approach and discussed its theoretical framework and key features such as the use registration, technology, and insurance. In Part Three, we discuss the impact of the New Approach on key stakeholders and in Part Four we explore the potential shortcomings of the proposal.