Creditor Insolvency Guidance

The R3 creditor guide explains to creditors their rights under insolvency legislation in the different types of insolvency proceedings, both corporate and personal.

Guidance on the formation of Liquidation and Creditors’ Committees and what is expected of those who sit on such committees is available on this link

Guides

Guidance notes for Creditors about Insolvency Practitioners’ Fees

The guides are produced by R3 and provide information on the bases on which insolvency practitioners’ remuneration is fixed in a format suitable for making creditors aware of the relevant legislative provisions. They also explain creditors’ rights to seek further information about and challenge the level of remuneration, disbursements and other expenses.

Statement of Insolvency Practice 9 – payments to insolvency office holders and their associates (effective date 1 December 2015) and Statement of Insolvency Practice 7 – presentation of financial information in insolvency proceedings (effective date 2 May 2011) use the expression ‘suitable explanatory note’ which sets out the rights of creditors. These guides may be used as that explanatory note.

England and Wales – effective from 6 April 2017

Previous versions

England and Wales – effective from 1 October 2015

England and Wales – effective from 1 November 2011

  • A creditors’ guide to fees charged by trustees in bankruptcy
  • A creditors’ guide to insolvency practitioners’ fees under voluntary arrangements
  • A creditors’ guide to administrators’ fees
  • A creditors’ guide to liquidators’ fees

England and Wales – effective until 31 October 2011

  • A creditors’ guide to fees charged by trustees in bankruptcy
  • A creditors’ guide to insolvency practitioners’ fees under voluntary arrangements
  • A creditors’ guide to administrators’ fees
  • A creditors’ guide to liquidators’ fees

England and Wales – effective until 5 April 2010

  • A creditors’ guide to fees charged by trustees in bankruptcy
  • A creditors’ guide to insolvency practitioners’ fees under voluntary arrangements
  • A creditors’ guide to administrators’ fees

Please click on the relevant link above for the guide you wish to access.

Corporate Restructuring Specialists

Meet our people >

Why work with us?

We provide practical, business focused advice to help you achieve your business objectives. Our team of experts are available at any one of our four office locations and have an extensive knowledge and experience across a wide range of sectors.

  • Timely and Efficient
    Timely and Efficient

    Critical support to restore financial stability

  • Cross Team Expertise
    Cross Team Expertise

    Joined-up advice across all services, including, Corporate Finance and Corporate and Business Tax

  • Sector Knowledge
    Sector Knowledge

    Considerable expertise and insight into a range of different industries

  • Industry Recognition
    Industry Recognition

    Recognised as thought leaders in Restructuring and Insolvency - editorial, speaking, commentating and government advice

Close