What are the challenges in proving intent in cases of suspected phoenixing?
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what is phoenixing a company
- How can the development of more effective tools for identifying and tracking individuals who are repeatedly involved in the management of failed companies help to prevent phoenixing?
- Are there alternative solutions for struggling businesses other than phoenixing?
- What are the potential benefits of a more coordinated international effort to raise awareness among businesses and the public about the risks and consequences of phoenixing?
- How can small businesses be better protected from the effects of phoenixing?
- How can the development of more effective tools for identifying and tracking the movement of assets in the period leading up to insolvency help to uncover evidence of phoenixing?
- What are the potential impacts of increased international cooperation in the investigation and prosecution of individuals and entities involved in the provision of fraudulent pre-insolvency advice that facilitates phoenixing?
- How can the development of more effective mechanisms for compensating creditors who have been harmed by phoenixing help to restore trust in the business environment?
- How does phoenixing affect employees?
- What are the potential impacts of increased international cooperation in the development of common training standards for insolvency practitioners and other professionals involved in the insolvency process?
- How can the accounting profession play a greater role in preventing phoenixing?
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