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 Evaluation – Frequently Asked Questions

When should the form be returned to The Insolvency Service? 

The form should be returned as soon as the relevant information is available and ideally no later than 6 months from appointment. 

If there is more than one office holder appointed over a company, who should complete the return? 

The return should be completed by the first office- holder appointed if this information is readily available to him.  If the first office holder is unable to complete the return due to lack of information he should contact the other office holder and request that they complete the return. Where there are joint office holders then they would be expected to arrange between them as to the appropriate person to complete the form. 

When will The Insolvency Service publish the results of the evaluation process? 

We intend to publish the results each year through this website. 

The form requests the amount paid to preferential creditors – do I have to wait until I have made such payments before returning the form? 

No – it will be satisfactory to insert the amount that you envisaged will be paid to preferential creditors at this point. 

Why aren’t the details regarding the amounts due to floating charge-holders and unsecured creditors requested?

The purpose of the evaluation exercise is to establish the amount that would be collected as prescribed part.  We do not intend to establish how much crown departments and other unsecured creditors will receive.

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