Remuneration & Expenses of Officeholders - Key Requirements for Insolvency Professionals

Introduction

An administrator, liquidator or trustee in bankruptcy is entitled to receive remuneration for services as officeholder.

However, this is not a straightforward process given that the remuneration and expenses are paid out of the assets of a company or bankruptcy estate and, therefore, requires creditors’ approval.

Where creditor approval is not obtained an application to court will need to be made.

In some circumstances there are strict deadlines for this, and it is important that officeholders are aware of the requirements.

What You Will Learn

This new webinar will cover the following:

• Procedure for determining an officeholder’s fees in:
• Administration
• Creditors’ voluntary liquidation
• Compulsory liquidation
• Bankruptcy
• The relevant rules in the Insolvency (England and Wales) Rules 2016
• What are scale fees?
• Applications to court to increase, change or fix the basis of fees

This webinar was recorded on 2nd July 2021