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Rule 3.36 Administrator's proposals: statement of pre-administration costsC1C2

A statement of pre-administration costs under rule 3.35(10)(a) must include—

(a)

details of any agreement under which the fees were charged and expenses incurred, including the parties to the agreement and the date on which the agreement was made;

(b)

details of the work done for which the fees were charged and expenses incurred;

(c)

an explanation of why the work was done before the company entered administration and how it had been intended to further the achievement of an objective in paragraph 3(1) of Schedule B1 in accordance with sub-paragraphs (2) to (4) of that paragraph;

(d)

a statement of the amount of the pre-administration costs, setting out separately—

(i)

the fees charged by the administrator,

(ii)

the expenses incurred by the administrator,

(iii)

the fees charged (to the administrator's knowledge) by any other person qualified to act as an insolvency practitioner in relation to the company (and, if more than one, by each separately), and

(iv)

the expenses incurred (to the administrator's knowledge) by any other person qualified to act as an insolvency practitioner in relation to the company (and, if more than one, by each separately);

(e)

a statement of the amounts of pre-administration costs which have already been paid (set out separately as under sub-paragraph (d));

(f)

the identity of the person who made the payment or, if more than one person made the payment, the identity of each such person and of the amounts paid by each such person set out separately as under sub-paragraph (d); and

(g)

a statement of the amounts of unpaid pre-administration costs (set out separately as under sub-paragraph (d)).

Annotations

Modifications

C1

Pt. 3 Ch. 7 applied (with modifications) (19.3.2024) by The Water Industry (Special Administration) (England and Wales) Rules 2024 (S.I. 2024/229), rules 1, 5(1)(b), 47 (with rule 2(2))

C2

Rules 3.28-3.37 applied (with modifications) (19.3.2024) by The Water Industry (Special Administration) (England and Wales) Rules 2024 (S.I. 2024/229), rules 1, 5, 42-45, Sch. (with rule 2(2))