Developing an insolvency regime for the further education and sixth-form sector
Read the full outcome
Detail of outcome
Summary of the responses we received, along with the government바카라 사이트™s response outlining the next steps.
Original consultation
Consultation description
This consultation seeks comments on the proposals to introduce procedures for further education and sixth-form colleges which become insolvent (unable to pay their debts). The proposals include a Special Administration Regime, giving extra protection to ensure continuity of service.
The insolvency regime would be designed to:
- protect learners from disruption to their courses
- help the rehabilitation of a college, where possible
- provide an orderly wind-up procedure if a college becomes insolvent
We are proposing insolvency procedures for colleges in line with those given to companies under the , including administration and liquidation.
The consultation will be of interest to:
- further education and sixth form colleges, their staff and students
- creditors of further education and sixth form colleges