Insolvency: Prove your worth
A series of judgments handed down in recent years have cast doubt on the level of fees professional advisers are entitled to recover from their insolvent clients. Alistair Bacon and Anna Perkins report
By definition, the problem with insolvencies is the shortage of money. On the other hand, there is never a shortage of people interested in having a share of the dwindling pot. The order of payment of the various creditors is well established by statute, with administrators’ and liquidators’ fees and expenses – including legal fees – comfortably placed near the top.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now