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Changes over time for: Section 18
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 06/04/2017.
Changes to legislation:
There are currently no known outstanding effects for the The Insolvency (England and Wales) Rules 2016, Section 18.
Changes to Legislation
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Contents of final account (winding up) and final report (bankruptcy)E+W
This section has no associated Explanatory Memorandum
18.14.—(1) The liquidator's final account under section 94, 106 or 146 or the trustee's final report under section 331 must contain an account of the liquidator's administration of the winding up or of the trustee's administration of the bankruptcy including——
(a)a summary of the office-holder's receipts and payments, including details of the office-holder's remuneration and expenses; and
(b)details of the basis fixed for the office-holder's remuneration.
(2) The liquidator's final account under section 106 or 146(1)(a) must also include a statement as to the amount paid to unsecured creditors by virtue of section 176A.
(3) The final account or report to creditors or members must also contain—
(a)details of the remuneration charged and expenses incurred by the office-holder during the period since the last progress report (if any);
(b)a description of the things done by the office-holder in that period in respect of which the remuneration was charged and the expenses incurred; and
(c)a summary of the receipts and payments during that period.
(4) If the basis of the office-holder's remuneration had not been fixed by the date to which the last progress report was made up, the final account or report must also include details of the remuneration charged in the period of any preceding progress report in which details of remuneration were not included.
(5) Where the basis of remuneration has been fixed as a set amount, it is sufficient for the office-holder to state that amount and to give details of the expenses charged within the period in question.
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