Dishonest company directors should not benefit from proposals to make it easier for bankrupts to continue in business, says Experian.
The information solutions company that tracks company directors is concerned that plans to weaken the law on bankrupts could reduce protection for consumers. The government wants to end the stigma of bankruptcy and allow individuals the chance to become directors again.
Seven per cent of UK company directors or 210,000 people have been involved in more than one failed company, Experian said.
Around 3,000 people have more than ten failed companies behind them.