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Regulation 36 Official receiver’s remuneration while acting as liquidator or provisional liquidator in respect of the realisation of property charged

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

When he is a liquidator or provisional liquidator, the official receiver’s remuneration in respect of the realisation of property of the company—

(a)

for secured creditors (other than a creditor who holds a floating charge on the company’s undertaking or property) shall be calculated on the realisation scale set out in Table 1 in Schedule 2 to these Regulations in the manner set out in regulation 33; and

(b)

for creditors who hold a floating charge on the company’s undertaking or property shall be calculated on both the scales set out in Table 1 in Schedule 2 and in the manner set out in regulation 33.