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May 2010

Insolvency Practitioners saved nearly 2 million jobs in 2009. The **** Com Res has estimated that the UK Insolvency Industry has helped to save nearly 2 millio... more

February 2010

INSOVENCY NUMBERS ON THE RISE The latest figures from the Insolvency Service show a 22.8% rise in Company liquidations during 2009. Similarly the number of Per... more

A Creditor's Guide to Administrators Fees

5. Review of remuneration

5.1 Where there has been a material and substantial change in circumstances since the basis of the administrator’s remuneration was fixed, the administrator may request that it be changed. The request must be made to the same body as initially approved the remuneration, and the same rules apply as to the original approval.

  1. Introduction
  2. The Nature of Administration
  3. The Creditors’ Committee
  4. Fixing the Administrator’s Remuneration
  5. Review of Remuneration
  6. Approval of Pre-Administration Costs
  7. What Information should be provided by the Administrator?
  8. Progress Reports and Requests for Further Information
  9. Provision of Information - Additional Requirements
  10. What if a Creditor is Dissatisfied?
  11. What if the Administrator is Dissatisfied?
  12. Other Matters Relating to Remuneration
  13. Effective Date
Remuneration of insolvency office holders in England and Wales. Insolvency Practitioners Association Logo

What will it cost me?

This is a question you should ask any firm or organisation which offers insolvency / debt advice. Rest assured, Lines Henry as Insolvency Practitioners, do not make any up-front charge or consultation fee.

The following pages will help explain how and where we can help you.

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