Article 3.16 Information about pre-administration costsI1

England and Wales

(1)

Where the housing administrator has made a statement of pre-administration costs under rule 3.8(10)(a)—

(a)

if they are approved under rule 6.11, the first progress report after the approval must include a statement setting out the date of approval and the amounts approved;

(b)

while any of the costs remain unapproved each successive report must include a statement of any steps taken to obtain approval.

(2)

However if either the housing administrator has decided not to seek approval, or another insolvency practitioner entitled to seek approval has told the housing administrator of that practitioner’s decision not to seek approval then—

(a)

the next report after that must include a statement of whichever is the case, and

(b)

no statement under paragraph (1)(b) is required in subsequent reports.

Annotations

Commencement

I1: Rule 3.16 in force at 5.7.2018, see rule 1.1