Legal News

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. or take a trial to read the full analysis.

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