Quarterly liquidation progress reports must track assets, distributions, litigation, fees, receipts and payments, and audited annual accounts. Quarterly progress reporting is required during liquidation under the Liquidation Process Regulations. The liquidator must submit progress reports in the prescribed format within fifteen days after each quarter, and a report for the part of the quarter up to cessation if appointment ends mid-quarter. Each report must cover liquidation progress, professional appointments, fees and expenses, litigation developments, avoidance applications, estimated liquidation costs, receipts and payments, and material changes in expected realisation of property. The fourth quarter report must include audited annual accounts.
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Quarterly liquidation progress reports must track assets, distributions, litigation, fees, receipts and payments, and audited annual accounts.
Quarterly progress reporting is required during liquidation under the Liquidation Process Regulations. The liquidator must submit progress reports in the prescribed format within fifteen days after each quarter, and a report for the part of the quarter up to cessation if appointment ends mid-quarter. Each report must cover liquidation progress, professional appointments, fees and expenses, litigation developments, avoidance applications, estimated liquidation costs, receipts and payments, and material changes in expected realisation of property. The fourth quarter report must include audited annual accounts.
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