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Creditor's Guide to Fees

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Path Business Recovery Ltd Charge Out Rates & Disbursement Policy

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Creditor's Guide to Fees

The particular nature of an insolvency office holder’s position renders transparency and fairness in all dealings of primary importance. The following guidance sheets provide useful guidance of process and other useful information. They are free to download.

Administrator's Fees

Administration is a procedure which places a company under the control of an insolvency practitioner and the protection of the court to rescue or relieve the financial situation of the company or individuals concerned.

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Liquidators' Fees

Liquidation (or ‘winding up’) is the most common type of corporate insolvency procedure. Liquidation is the formal winding up of a company’s affairs entailing the realisation of its assets and the distribution of the proceeds in a prescribed order of priority.

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Fees charged by Trustees' in Bankruptcy

Bankruptcy is the administration of the affairs of an insolvent individual by a trustee in the interests of his creditors generally. The trustee’s function is to realise the assets and distribute them among the creditors in a prescribed order of priority.
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Voluntary Arrangement Fees

This guide explains how fees are fixed in voluntary arrangements, how the creditors can affect the level of fees, and the information which should be made available to them regarding fees.
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Help packs

A set of helpful guidance documents to assist unsecured creditors through the insolvency and recovery process, freely available for downloading at the links below.

Creditor's Voluntary Liquidation

Creditors’ voluntary liquidation occurs where the shareholders, usually at the director’s request, decide to put a company into liquidation because it is insolvent.

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Administration

Administration is when a company is facing financial difficulties it can be placed into administration. This means the affairs, business and assets of the company will be managed by appointed person for that purpose.

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Compulsory Liquidation

Compulsory liquidation occurs when a company is wound up by an order of the court.
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Bankruptcy

An individual is made bankrupt as a result of a petition presented to the court, usually because he/she cannot pay his/her debts.
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Receivership

Administrative receivership is when a company breaches the terms of its borrowing from a creditor with a floating charge. In turn that creditor may appoint an administrative receiver to recover the money it is owed.
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