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Pre-packaged insolvency fails to take off as bankers wary of
Pre-packaged insolvency fails to take off as bankers wary of
Pre-packaged insolvency fails to take off as bankers wary of voluntary haircuts
The pre-pack model of insolvency resolution for smaller firms has failed to gain traction due to concerns of impropriety by bankers. Only four companies have used the scheme since its introduction in April 2021.
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