Court steps in where creditor conflict prevents approval of liquidators' fees

Jacob Walker of Mills & Reeve summarises a High Court decision addressing the approval of liquidators’ remuneration where a creditor holding 98% of unsecured claims was conflicted and unable to vote, with the Court approving a time-cost basis for one liquidator and an increased fee estimate for the other under different provisions of the Insolvency Rules 2016, while emphasising the need to address remuneration conflicts early, comply with statutory deadlines and ensure proper judicial scrutiny where creditor approval is impractical.

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