Email David Kirk direct by clicking on his name.

What Is A Pre-Pack Pool?

Last updated: September 29, 2021

The quick answer

This is an independent body that the buyer of a business in Administration can approach to effectively endorse (or not) the purchase of the business using a pre-pack Administration. It is not a statutory requirement.

In more detail

The pre-pack pool was set up to attempt to address the issue of pre-pack Administrations. This is where creditors find out after the business has failed that it has already been sold. The pre-pack pool is an independent body the directors can go to for an opinion on whether the sale of it as a pre-pack was fair in the circumstances.

The pre-pack pool aims to respond to any request with a decision in two business days. To make contact with the pool go to www.prepackpool.co.uk


tip

If you need insolvency advice the earlier you talk to someone like us the better as you will have more options. We can help, contact us today.

More questions in this section

Author: David Kirk - ACA FABRP
Everything you need can be done online.
No need to meet anyone in person.
We cover all of England and Wales.
Just a quick email to say a heartfelt thank you for your very calm, considered, expert advice regarding my circumstances on Tuesday. Things looked bleak before you explained my options much more clearly, in simple layman’s terms.
Rob Elliott

Request a callback

Simply fill out the short form below and I will get back to you.

David Kirk Portrait

David Kirk

Licensed Insolvency Practitioner

https://wpmudev.com/project/wp-defender/