# The Insolvency Practitioners Regulations 1990, Paragraph 1


Subject to paragraph 3 below for the purposes of regulation 12(1)(b) the value of a person’s assets shall be:–
(a) where the practitioner is appointed to act as:–
(i) an interim receiver;
(ii) a trustee in bankruptcy;
(iii) an administrator of the estate of a deceased individual;
(iv) a supervisor of a voluntary arrangement approved by a company under Part I of the Act;
(v) a supervisor of a voluntary arrangement proposed by an individual and approved under Part VIII of the Act;
(vi) a provisional liquidator;
(vii) a liquidator;
(viii) an administrator appointed under Part II of the Act;
(ix) an interim or permanent trustee in sequestration;
(x) a trustee under a trust deed for creditors;
the value at the date of the appointment of the practitioner estimated by him having regard (where appropriate) to paragraph 2 of this Part of the Schedule;
(b) where the practitioner is appointed to act as an administrative receiver an amount equivalent to that part of the assets of the company to which the practitioner is appointed which at the date of the appointment would appear to be available for the unsecured creditors of the company, whether in respect of the preferential debts of the company or otherwise, were the company to go into liquidation at the date of the appointment.

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Source: https://www.legislation.gov.uk/uksi/1990/439/schedule/2/paragraph/1 (the official version)
Page: https://openlegislation.uk/insolvency-practitioners-regulations-1990/schedule-2/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.