Costs of preparing a company statement of affairs require Official Liquidator sanction before payment and limited judicial review. Persons required to make or concur in a company's statement of affairs must submit to the Official Liquidator an estimated cost statement and later a bill ... Summary
Costs of preparing a company statement of affairs require Official Liquidator sanction before payment and limited judicial review.
Persons required to make or concur in a company's statement of affairs must submit to the Official Liquidator an estimated cost statement and later a bill of actual expenses. Payment from company assets requires the Official Liquidator's sanction and prior submission of the affidavit verified statement of affairs; unsanctioned costs are payable only by court order. If the Official Liquidator disallows part of a bill, the person may apply by summons to the Judge in Chambers on notice for sanction of the disallowed amount.
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