Corporate Restructuring News: What happens now?
A guide explaining the formation of liquidation and creditors’ committees and what is expected of those who sit on such committees is available on this link
Guidance Notes about Insolvency Practitioners’ Fees
The creditors’ guides are produced by R3 and provide information about 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.
We have produced “A shareholders’ guide to liquidators’ fees” to inform shareholders of their rights under insolvency legislation in relation to members’ voluntary liquidations.
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) require office holders to inform creditors and other interested parties of their rights under insolvency legislation. These guides may be used to provide that information.
England and Wales – effective from 6 April 2017
England and Wales – effective from 1 October 2015
England and Wales – effective from 1 November 2011
England and Wales – effective until 31 October 2011
England and Wales – effective until 5 April 2010
Please click on the relevant link above for the guide you wish to access.
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