The Insolvency (Amendment) Rules (Northern Ireland) 2006

Insertion of Schedule 4

107.  After Schedule 3 there shall be inserted—

Rules 4.134A, 4.134B, 4.156A and 6.135A

“SCHEDULE 4 DETERMINATION OF INSOLVENCY OFFICE HOLDER'S REMUNERATION

As regards the determination of the remuneration of trustees and liquidators the realisation and distribution scales are as set out in the table below—

The realisation scale

(i) on the first £5000 or fraction thereof	20%
(ii) on the next £5000 or fraction thereof	15%
(iii) on the next £90,000 or fraction thereof	10%
(iv) on all further sums realised	5%

The distribution scale

(i) on the first £5000 or fraction thereof	10%
(ii) on the next £5000 or fraction thereof	7.5%
(iii) on the next £90,000 or fraction thereof	5%
(iv) on all further sums distributed	2.5%.”