The Insolvency (England and Wales) Rules 2016

Remuneration: exceeding the fee estimate

18.30.—(1) The office-holder must not draw remuneration in excess of the total amount set out in the fees estimate without approval.

(2) The request for approval must be made—

(a) where the committee fixed the basis, to that committee;

(b) where the creditors or a class of creditors fixed the basis, to the creditors or that class of creditors;

(c) where the court fixed the basis, to the court;

and rules 18.16 to 18.23 apply as appropriate.

(3) The request for approval must specify—

(a) the reasons why the office-holder has exceeded, or is likely to exceed, the fees estimate;

(b) the additional work the office-holder has undertaken or proposes to undertake;

(c) the hourly rate or rates the office-holder proposes to charge for each part of that additional work;

(d) the time that additional work has taken or the office-holder expects that work will take;

(e) whether the office-holder anticipates that it will be necessary to seek further approval; and

(f) the reasons it will be necessary to seek further approval.