Insolvency: Hanging creditors out to dry

As corporate administrations rise, Sarah Perrin ACA asks if insolvency practitioners are paid too much?

Insolvency practitioners’ fees are currently the subject of an independent review initiated by business minister Jo Swinson in December, looking at issues such as how well controls on fees work in practice. Announced in the wake of the collapse of retailer Comet, the review reflects a widespread perception (whether correct or otherwise) that IP fees are too high and come at the expense of unsecured creditors.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe