Trustee fee structure clarified for realisations and distributions under the bankruptcy process, specifying tapered percentage bands. The Regulations prescribe a percentage-based fee structure for bankruptcy trustees applied separately to amounts realised and amounts distributed, using progressive monetary bands with declining percentage rates and additional time-tiered reductions for the initial six months, subsequent three-month periods, and thereafter.
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Trustee fee structure clarified for realisations and distributions under the bankruptcy process, specifying tapered percentage bands.
The Regulations prescribe a percentage-based fee structure for bankruptcy trustees applied separately to amounts realised and amounts distributed, using progressive monetary bands with declining percentage rates and additional time-tiered reductions for the initial six months, subsequent three-month periods, and thereafter.
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