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Liquidator as trustee of recovered funds (Re Total Debt Relief Ltd (in liquidation))

Liquidator as trustee of recovered funds (Re Total Debt Relief Ltd (in liquidation))

Published on: 09 September 2019

Published by: LexisPSL

Liquidator as trustee of recovered funds (Re Total Debt Relief Ltd (in liquidation))
What are the practical implications of this decision?
What was the background?
What did the court decide?
What impact will this decision have on insolvency proceedings involving financial firms?

Article summary

Restructuring & Insolvency analysis: Frances Coulson, senior partner and head of Litigation & Insolvency at Moon Beever, points out that there are many cases where insolvency office-holders are becoming trustees of funds, but there has been limited guidance until now of how the costs of administering the fund are to be assessed. Sign in or take a trial to read the full analysis.

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