New rules imposing extra regulation on pre-packaged insolvency sales by liquidators and administrators were expected to go live in October, but they will not now come into force before April 2012, according to the Insolvency Service. The delay is apparently due to the continued debate on the proposal for liquidators and administrators to have to give a three day notice period of a proposed sale aimed at giving creditors a chance to "express concerns ... or make a higher offer for the assets". Draft regulations were published in June 2011, however the Insolvency Service has confirmed that it is considering further comments received from insolvency practitioners, creditor representatives and other stakeholders. R3, the insolvency trade association, has argued that publicising a company's difficulties could lead to an erosion in value and have the "unintended consequence" of increased liquidations, which would see more unsecured creditors losing out.