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PART VIN.I.MULTIPLE DEBT, INSOLVENCY AND WINDING-UP

Bankruptcy and winding-upN.I.

Charge in respect of costs and expenses of enforcementN.I.

92.  Where, pursuant to this Part, money or property is paid or delivered to the[F1 official receiver] or trustee, or, where the debtor is a company, to the liquidator, such costs and expenses of enforcement as may be approved by the Office shall be a first charge on the money or property so paid or delivered; and the[F1 official receiver] or trustee or, as the case may be, the liquidator may realise the property or an adequate part thereof for the purpose of satisfying the charge.

Modifications etc. (not altering text)

C1Arts. 88-94 applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A(3) (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)