Legal News

Insolvent charities and pre-pack sales

Published on: 19 September 2016
Published by: LexisPSL
  • Insolvent charities and pre-pack sales
  • 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. or take a trial to read the full analysis.

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