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| Annual Report 2007 Pre-packs and Pre-appointment Administration Expenses The IPC sent a written response on 30 August to the Insolvency Service’s proposals to amend the Insolvency Rules to allow pre-appointment administration expenses to be recovered within the administration procedure. In it the IPC supported the broad objectives of the proposals suggested a change in the definition of the preappointment expenses that will be recoverable in order to reduce the risk of conflicts of interest arising in relation to IPs decisions whether or not to take on the administration of a pre-pack sale on which they have previously advised the company and its directors. |
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