Liquidators remuneration

1510 views 3 replies
User Avatar

student
56 Points Joined May 2015
if there is any mortgage related to asset realised then how shall we calculate liquidators remuneration? eg : asset realised ( land and buildings ) = 300000 mortgage on land and buildings = 100000. remuneration is 5 % on all assets realised.
0 Reply Share Follow
On 12 September 2015 at 16:03 Report
Replies (3)
User Avatar

Accountant
25 Points Joined June 2015
As Liquidator remuneration would be calculate on amount realised. I.e.3000000 Liquidator Remuneration=3000000*5/100 =1,50,000
Reply
On 13 September 2015 at 08:41
User Avatar

Accountant
25 Points Joined June 2015
Typo error 300000*5/100 =15000
Reply
On 13 September 2015 at 08:43
User Avatar

student
56 Points Joined May 2015
Since there is a mortgage.while preparing liquidators final statement it is prescribed to mention the surplus for the asset realised .then y dont his remuneration be calculated on surplus? Point of clarification: whether lliquidator realises and pay to creditor or creditor realises and pay remaining to liquidator? I have a doubt in this regard!!!!!
Reply
On 13 September 2015 at 09:11


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading