| Commentary

204 Remuneration of liquidator

| Commentary

204 Remuneration of liquidator

Specific provision is made in the Insolvency (England and Wales) Rules 2016 (the ‘2016 Rules’) for the basis upon which the liquidator in a members’ voluntary liquidation is to be remunerated1. These rules are essentially the same in a members' voluntary liquidation as in a creditors' voluntary liquidation (previously there were separate rules but to a similar effect)2.

The basis of remuneration is determined as a percentage of the value of assets realised or distributed or a combination of the two, by reference to the time costs of the liquidator and his staff, or as a set

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