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College Insolvency - Shakira Says Issue 8
July 18, 2016

As part of the suite of reforms to the FE sector, the government has announced a consultation on a new Insolvency Regime for colleges. The proposals set out a clear process in the “unlikely possibility of a college failing in the future.” The government is seeking to establish an orderly process which provides protection for college creditors (people who the college owes money to) and making sure that students at an insolvent college are able to complete their studies.
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