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The Insolvency (Amendment) Rules 2015

Amendments to the 1986 Rules

This section has no associated Explanatory Memorandum

2.  In Rule 2.47 (reports to creditors) of the 1986 Rules after paragraph (1)(dc) insert—

“(dd)a statement setting out whether as at the date of the report—

(i)the remuneration anticipated to be charged by the administrator is likely to exceed the fees estimate or any approval given under Rule 2.109AB,

(ii)the expenses incurred or anticipated to be incurred are likely to exceed, or have exceeded, the details given to the creditors prior to the determination of the basis of remuneration, and

(iii)the reasons for that excess;”.