Rule 18.30 Remuneration: exceeding the fee estimate

(1)

The office-holder must not draw remuneration in excess of the total amount set out in the fees estimate without approval.

(2)

The request for approval must be made—

F1(a)

where the court fixed the basis, to the court;

(b)

where there is a committee (unless the court fixed the basis), to the committee;

(c)

in other cases where the creditors or a class of creditors fixed the basis, to the creditors or that class of creditors;

and rules 18.16 to 18.23 apply as appropriate.

(3)

The request for approval must specify—

(a)

the reasons why the office-holder has exceeded, or is likely to exceed, the fees estimate;

(b)

the additional work the office-holder has undertaken or proposes to undertake;

(c)

the hourly rate or rates the office-holder proposes to charge for each part of that additional work;

(d)

the time that additional work has taken or the office-holder expects that work will take;

(e)

whether the office-holder anticipates that it will be necessary to seek further approval; and

(f)

the reasons it will be necessary to seek further approval.

Annotations

F1: Rule 18.30(2)(a)-(c) substituted (22.6.2026) by The Insolvency (England and Wales) (Amendment) Rules 2026 (S.I. 2026/561), rules 1(3), 25