"One does have to question the worth of the process" Stuart Hopewell, co-director of the Pre-Pack Pool, Jazz FM Business Breakfast
UK businesses are likely to struggle in 2019, with some going into so-called Pre-Pack administration in an attempt to keep them trading. These arrangement mean they emerge anew, often sold back to their own directors without liabilities like tax bills, debts and pensions - but they're the subject of criticism by the likes of Frank Field MP for the perception of allowing bosses to ditch responsibilities. Stuart Hopewell, co-director of the independent panel which judges these pre-packs defends the principle, but admits the Pre Pack Pool is often ignored, if it's consulted at all. Who do they benefit, and are they being abused?
First broadcast 3rd January 2019