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Commentary

221 Liquidator’s remuneration

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

221 Liquidator’s remuneration

| Commentary

221 Liquidator’s remuneration

Specific provision is made for the basis upon which the liquidator in a creditors' voluntary liquidation is to be remunerated1. This is determined either as a percentage of the value of assets realised or distributed or a combination of both, or by reference to the time costs of the liquidator and his staff, or as a set amount2. If a liquidation committee has been established, it is for the committee to determine under which head the remuneration is to be fixed and also the percentage, if appropriate; it is possible to set remuneration on different bases for

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