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LATEST NEWS & EVENTS Tories 'would raise insolvency threshold for firms'  If the Conservative Party came to power, it would increase the insolvency threshold for firms. This is according to leader of the Tories David Cameron, who made his comments in an interview for the BBC with Andrew Marr. He revealed that the party intends to raise the cut-off point from £750 to £2,000. Mr Cameron remarked: "When you look at the figures, more small businesses have gone bankrupt in this recession than in previous recessions and a number have been pushed there by the government itself." The politician also claimed that the Conservatives would reduce the length of time it takes to set up a business in Britain. Currently, entrepreneurs have to wait 13 to 14 days to do this, he stated. Leaders from all the political parties are in the process of attempting to garner the support of voters, with a general election set to take place some time this year. Rick Munro, corporate recovery and insolvency partner at Lamport Bassitt, said: "Cameron is referring to the minimum debt on which a creditor can petition for a debtor's bankruptcy or winding up. "Whilst it has been at £750 for quite a few years, this would be bad news for creditors seeking to recover their debts as bankruptcy and winding up petitions are one of the more potent methods of recovering debts." 
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