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Regulations 3 and 6
Regulation 3
Column 1 | Column 2 |
---|---|
(Functions) | (Rates) |
1. In respect of the exercise by or on behalf of the Accountant in Bankruptcy of his functions as interim trustee in a sequestration where he is not appointed as permanent trustee in that sequestration— | |
(i)in respect of each of the first five hours of work; | £ 28 per hour |
(ii)in respect of each subsequent hour of work. | £ 50 per hour |
2. In respect of the exercise by or on behalf of the Accountant in Bankruptcy of his functions as interim and permanent trustee, or as permanent trustee, in a sequestration, other than in respect of the realisation of assets in the sequestrated estate— | |
(i)in respect of each of the first 21 hours of work; | £ 28 per hour |
(ii)in respect of each subsequent hour of work. | £ 50 per hour |
3. In respect of the exercise by or on behalf of the Accountant in Bankruptcy of his functions as permanent trustee in a sequestration in relation to the realisation of assets in the sequestrated estate— (i)in respect of the total price paid in a transaction by the purchaser of heritable property, including any interest paid thereon, but after the deduction of any sums paid to secured creditors in respect of their securities over that property: | |
(a)on the first £40,000 or fraction thereof; | 1.5% of that amount |
(b)on the next £40,000 or fraction thereof; | 1% of that amount |
(c)on all further sums | 0.5% of that amount |
(ii)in respect of the proceeds of the sale of moveable property, after the deduction of the expenses of sale and any sums paid to secured creditors in respect of their securities over that property. | 5% of that amount |
Regulation 6
Column 1 | Column 2 |
---|---|
(Functions) | (Fee Payable) |
1. For registering award of sequestration | £ 14.00 |
2. For registering copy act and warrant | £ 14.00 |
3. For supervising proceedings in sequestration: | |
(a)where commissioners have been elected; | £100.00 |
(b)where no commissioners have been elected | £150.00 |
4. For supervising payment of dividend to creditors | £ 50.00 |
5. For any special report to the court | £ 50.00 |
6. For considering and issuing a determination in an appeal against a determination of commissioners as to the outlays and remuneration payable to a permanent trustee | 5% of the sum of the outlays and remuneration payable to the permanent trustee, as determined by the Accountant in Bankruptcy, or £10, whichever is the greater |
7. For auditing the accounts of and issuing a determination fixing the outlays and remuneration payable to: (a)an interim trustee; (b)a permanent trustee; or (c)a trustee acting under a trust deed | 17.5% of the sum determined, or £10, whichever is the greater |
8. For examination of the sederunt book and related work, in connection with the discharge of a permanent trustee | £ 26.00 |
9. For granting a certificate of discharge to an interim trustee | £ 20.00 |
10. For granting a certificate of discharge to a debtor | £ 8.00 |
11. For providing a certified copy of an entry in the register of insolvencies | £ 20.00 |
12. For the certifying of any other document (excluding copying charges) | £ 9.00 |
13. For recording, engrossing, extracting or copying—all documents (excluding accounts): | |
(a)By manuscript or typescript—per sheet or part thereof | £ 5.00 |
(b)By copying by electrical or mechanical means | |
| £ 1.00 |
| £ 0.25 |
| £ 0.25 |
14. For any search of records or archives | |
(a)for first half hour taken | £ 8.00 |
(b)for more than one half hour up to a maximum of 2 hours | £ 18.00 |
(c)for each half hour in excess of 2 hours | £ 5.00 |
(d)plus correspondence fee where applicable | £ 5.00 |
15. For attendance at any meeting of creditors—fee per hour or part thereof, including travelling time | £ 28.00 |
16. For calling any meeting of creditors | £ 30.00 |
17. For attendance at any examination of the debtor—fee per hour or part thereof, including travelling time | £ 28.00 |
18. For supervising protected trust deeds (excluding auditing of accounts) | £ 26.00 |
19. For providing a set of accounts on request | £ 20.00 |
20. For lodging any sum in an appropriate bank or institution on consignation | £ 10.00 |
21. For uplifting any sum lodged in an appropriate bank or institution on consignation | £ 10.00 |
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