Article 47 Insertion of Schedule 6

After Schedule 5 there is inserted—

“SCHEDULE 6

DETERMINATION OF INSOLVENCY OFFICE HOLDER'S REMUNERATION

Rules 4.127A, 4.127B,4.148B and 6.138A

As regards the determination of the remuneration of trustees and liquidators the realisation and distribution scales are as set out in the table below—

The realisation scale

(i)

on the first £5000 or fraction thereof

20%
(ii)

on the next £5000 or fraction thereof

15%
(iii)

on the next £90000 or fraction thereof

10%
(iv)

on all further sums realised

5%

The distribution scale

(i)

on the first £5000 or fraction thereof

10%
(ii)

on the next £5000 or fraction thereof

7.5%
(iii)

on the next £90000 or fraction thereof

5%
(iv)

on all further sums distributed

2.5%.

”

(i) on the first £5000 or fraction thereof	20%
(ii) on the next £5000 or fraction thereof	15%
(iii) on the next £90000 or fraction thereof	10%
(iv) on all further sums realised	5%

(i) on the first £5000 or fraction thereof	10%
(ii) on the next £5000 or fraction thereof	7.5%
(iii) on the next £90000 or fraction thereof	5%
(iv) on all further sums distributed	2.5%.