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Insolvent charities and pre-pack sales

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Published on: 19 September 2016

Published by a LexisNexis Restructuring & Insolvency expert

Table of contents

What are the details of the pre-pack sale of 4Children?
What additional legal considerations were there given it was a pre-pack for a registered charity?
Given the nature of the work, did you consider disclosing the financial position of the charity to the families using the 4Children services?
Were there any particular difficulties to overcome in terms of this pre-pack?
Do you expect there to be an increase in insolvent charity work?
What practical advice do you have for lawyers involved in pre-pack charity sales?

Article summary

Restructuring & Insolvency analysis: Benn Richards, senior associate with Russell-Cooke, discusses the pre-pack administration sale of a registered charity and questions whether there will be an increase in the numbers of charities failing.

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