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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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