Senator Kavan Gayle - file photo
Jamaica's Insolvency Bill was passed in the Senate on Thursday. There were 43 amendments.
The new statute places under one umbrella, laws relating to bankruptcy, insolvency and receivership. It offers persons who have failed businesses that go into bankruptcy, the opportunity to recover.
While those who participated in the debate focused on the perspective of the business operator, Opposition Senator Kavan Gayle had a different view. He said provisions needed to be included in the Bill to protect workers who become jobless, due to a company collapsing:
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