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The Insolvency (Amendment) Regulations (Northern Ireland) 2006
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Substitution of Part 5
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21. For Part 5 there shall be substituted—
“PART 5REMUNERATION OF OFFICIAL RECEIVER
Official receiver’s remuneration while acting as interim receiver, provisional liquidator, liquidator or trustee
34. The official receiver shall be entitled to remuneration calculated in accordance with the applicable hourly rates set out in Schedule 1 for services provided by him (or any of his officers) in relation to—
(a)a distribution made by him when acting as liquidator or trustee to creditors (including preferential or secured creditors or both such classes of creditor);
(b)the realisation of assets on behalf of the holder of a fixed or floating charge or both types of those charges;
(c)the supervision of a special manager;
(d)the performance by him of any functions where he acts as provisional liquidator; or
(e)the performance by him of any functions where he acts as an interim receiver.”.
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