Article 7.4 Progress reports: content

(1)

The liquidator's progress report in a winding up must contain—

(a)

identification details for the insolvency proceedings;

(b)

identification and contact details for the liquidator;

(c)

the date of appointment of the liquidator and any changes in the liquidator in accordance with paragraph (3);

(d)

details of progress during the period of the report, including a summary account of receipts and payments during the period of the report;

(e)

the information required—

(i)

in the case of a members' voluntary winding up, by rule 7.5;

(ii)

in the case of a creditors' voluntary winding up or a winding up by the court, by rule 7.6;

(f)

details of what assets remain to be realised;

(g)

where a distribution is to be made in accordance with Chapters 4 to 6 in respect of an accounting period, the scheme of division; and

(h)

any other information of relevance to the creditors.

(2)

The receipts and payments account in a final progress report must state the amount paid to unsecured creditors by virtue of the application of section 176A.

(3)

A change in the liquidator is only required to be shown in the next report after the change.

(4)

Where an administration has converted to a voluntary winding up, the first progress report by the liquidator must include a note of any information received from the former administrator under rule 3.60(5) of the CVA and Administration Rules (moving from administration to creditors' voluntary winding up - matters occurring after the administrator's final progress report).