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UK outlines plans to protect consumer prepayments in retail insolvencies

By Kyriaki Karadelis

10 January 2019

UK outlines plans to protect consumer prepayments in retail insolvencies istock.com/kodda

The UK government has responded to a 2016 Law Commission report on consumer prepayments in retailer insolvencies, announcing it will tighten up protections – but declining to give consumer prepayments preferential status.