A trustee who realises assets on behalf of a secured creditor1, unless the trustee has agreed otherwise with the secured creditor, is entitled to such sum by way of remuneration as is arrived at by applying the realisation scale2 to the monies received in respect of the assets realised (including any Value Added Tax on them)3. The sum to which the trustee is entitled must be taken out of the proceeds of the realisation4.
Where there are joint trustees, it is for them to agree between themselves
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