PART 18REPORTING AND REMUNERATION OF OFFICE-HOLDERS

CHAPTER 2Progress reports

Contents of progress reports in administration, winding up and bankruptcy18.3

1

The office-holder’s progress report in an administration, winding up and bankruptcy must contain the following—

a

identification details for the proceedings;

b

identification details for the bankrupt;

c

identification and contact details for the office-holder;

d

the date of appointment of the office-holder and any changes in the office-holder in accordance with paragraphs (3) and (4);

e

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

f

the information relating to remuneration and expenses required by rule 18.4;

g

the information relating to distributions required by rules 18.10 to 18.13 as applicable;

h

details of what remains to be done; and

i

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 office-holder is only required to be shown in the next report after the change.

4

However if the current office-holder is seeking the repayment of pre-administration expenses from a former office-holder the change in office-holder must continue to be shown until the next report after the claim is settled.

5

Where the period of an administrator’s appointment is extended the next progress report after the date the extension is granted must contain details of the extension.

6

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 by the liquidator from the former administrator under rule 3.60(5) (matters occurring after the date of the administrator’s final progress report).