When will Govt bring in new bankrutpcy laws? Why not copy UK "word for word"?

Bronte

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When is the government going to bring in new bankrutpcy laws. Why don't they just copy the UK legislation word for word. We do with most of our legislation in any case so why not for this.
 
"cui bono?" ... or more importantly who would be likely to loose out if this were done.
 
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