Insolvency and Second Chances

European Community Documents – in the House of Commons at 6:44 pm on 26 March 2008.

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That this House takes note of European Union Document No. 13832/07, Commission Communication, Overcoming the Stigma of Business Failure—for a Second Chance Policy—implementing the Lisbon partnership for growth and jobs; agrees that it is desirable to make a distinction between honest and dishonest failure; acknowledges the Commission's assertion that Member States need to encourage entrepreneurs who have failed through no fault of their own to try again; and further acknowledges that the interests of creditors of the failed business, and potential creditors, suppliers and customers who support the new venture need to be sufficiently protected. —[ Mr. David .]

Question agreed to.

Photo of Alan Haselhurst Alan Haselhurst Deputy Speaker and Chairman of Ways and Means

I propose to put motions 7 and 8 together.