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FEE GUIDES

Office Holder’s Fees are determined as follows:

A creditors' committee (if there is one) agrees the Office Holder’s fees and fee structure for the life of a case. Otherwise, it can be fixed by the creditors or the court. Although the fee can be fixed as a percentage of the value of the property dealt with, it is normally based on the following factors:

  • The time properly spent by the office holder and his staff;
  • the complexity of the case;
  • any exceptional responsibility borne by the office holder;
  • the effectiveness with which the office holder carries out his duties;
  • and the value and nature of the company's assets.

 

Our UK insolvency trade body, R3, has produced a separate guide explaining insolvency office holders’ remuneration, which is available upon request.

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