Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what responsibilities remain on liquidators of housing developers for resolving (a) legal title and (b) infrastructure issues impacting homeowners.

A liquidators’ statutory functions when winding up a company are to secure and realise any assets, distribute any funds generated to those entitled to them and generally act in the interests of the company’s creditors. In carrying out their statutory functions, liquidators are also obliged to have regard to their regulatory standards and code of ethics. This may extend to resolving legal title and infrastructure issues affecting homeowners if doing so is in creditors’ interests.