The Government have announced this morning that it is proposing a 3 month moratorium from creditor action for insolvent or near insolvent companies despite the earlier recommendation of R3 (the insolvency profession's trade body) that the period should be 21 days - with the ability to extend to 42 days.  I suspect that some instances 21 days may be sufficient whilst in other more complex cases the full 3 months will be required.  Either way this has to be a welcome development