Voluntary administrators are paid by the company in voluntary administration. Voluntary administrators receive their fees before distributions are made to creditors – although their fees must be approved by either the creditors, a committee of inspection or the court. The directors of the company can also provide an indemnity for unpaid fees.
FAQ
- FAQ - Insolvency
- FAQ - General
- FAQ - Lawyers
- FAQ - Insolvency Advisers
- FAQ - Debt Agents
- FAQ - Administration
- FAQ - Liquidation
- FAQ - Receivership
- FAQ - Bankruptcy