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Banking Bill — Committee (4th Day)

Part of the debate – in the House of Lords at 6:15 pm on 20th January 2009.

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Photo of Lord James of Blackheath Lord James of Blackheath Conservative 6:15 pm, 20th January 2009

Does the Minister agree that the hazard in the signing of a statement of affairs in this situation is enormous and carries with it a penalty of a seven-year summary sentence? In the circumstances, will the Government expect and require that any statement of affairs supplied in this matter—bearing in mind the speed at which they are likely to have been produced and the risk of hazards increasing—will always be required to be signed by at least one licensed insolvency practitioner as an endorsement?