125 Details of pre-administration fees to be included in administrator’s proposal where appropriate

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BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)

125 Details of pre-administration fees to be included in administrator’s proposal where appropriate

Copyright © 2025 LexisNexis

| Commentary

In relation to the information on pre-administration costs that needs to be included in the administrator’s proposals, ‘pre-administration costs’ are fees charged and expenses incurred by the administrator (or another person qualified to act as an insolvency practitioner)

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C: ADMINISTRATION

126 Notice of decision procedure

127 Appointment of creditors’ committee

128 When initial creditors’ decision is not required

129 Voting

130 Qualified majority

131 Record of decision

132 Revised proposals by administrator

133 Position under previous law

134 Distribution to creditors

135 Automatic termination of administration after one year

136 Termination of administration where purpose of administration achieved

137 Moving from administration to voluntary liquidation

138 Moving from administration to dissolution

139 Termination by court order

140 Discharge of administration order and release of administrator

141 Costs and expenses of administration

142 Review of remuneration requested by administrator

143 Resignation of administrator

144 Death of administrator

145 Removal of administrator from office