The Insolvency (Scotland) (Receivership and Winding up) Rules 2018

Progress reports: content

7.4.—(1) The liquidator’s progress report in a winding up must contain—

(a) identification details for the insolvency proceedings;

(b) identification and contact details for the liquidator;

(c) the date of appointment of the liquidator and any changes in the liquidator in accordance with paragraph (3);

(d) details of progress during the period of the report, including a summary account of receipts and payments during the period of the report;

(e) the information required—

(i) in the case of a members’ voluntary winding up, by rule 7.5;

(ii) in the case of a creditors’ voluntary winding up or a winding up by the court, by rule 7.6;

(f) details of what assets remain to be realised;

(g) where a distribution is to be made in accordance with Chapters 4 to 6 in respect of an accounting period, the scheme of division; and

(h) any other information of relevance to the creditors.

(2) The receipts and payments account in a final progress report must state the amount paid to unsecured creditors by virtue of the application of section 176A.

(3) A change in the liquidator is only required to be shown in the next report after the change.

(4) Where an administration has converted to a voluntary winding up, the first progress report by the liquidator must include a note of any information received from the former administrator under rule 3.60(5) of the CVA and Administration Rules (moving from administration to creditors’ voluntary winding up - matters occurring after the administrator’s final progress report).