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Can I charge an insolvency practitioner?

Client is going into a CVL and the insolvency practitioner wants information

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A client is entering into a CVL and the insolvency practioner has written to us requesting for quite a lot of information that will take several hours to colate. 

In the past I have usually supplied the, what is usually, straight forward information that has been requested without charging for our time. This time due to the amount of information requested I feel a bit agrevied at doing this free of charge, even more so as he will be charging in excess of £4000 to the client. Am I entitled to charge the insolvency practioner for this work, or is this like responding to a proffesional clearance request, whereby we can't?

Any responses gladly recieved.   

Replies (14)

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By ireallyshouldknowthisbut
25th Sep 2018 14:54

Id speak to the (ex) client in the first instance and see if they will cover it.

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By Tim Vane
25th Sep 2018 15:14

Unless the work was quick and simple I certainly wouldn't do it unless I was being paid either by the client or the IP.

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By johngroganjga
25th Sep 2018 15:25

Can you give an example of the type of question being asked which can’t be answered instantly by glancing at your working papers?

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Replying to johngroganjga:
wolfy
By rob winder
25th Sep 2018 16:16

They have sent spreadsheets requesting detailed analysis of expenditure and movements that are way beyond the level of detail in our working.

The client has cancelled the cloud subscription anyway, which I have just found out. As such i have responded to them stating I cant provide the information requested as such.

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Bramble
By Chris.Mann
25th Sep 2018 15:26

I'd certainly be reverting back to the IP setting out what your charges are likely to be, for the work/time involved.

They either do want your assistance, or not. They will tell you, once they know what your requirements are.

You're not a charity, or, are you?

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By Glenn Martin
25th Sep 2018 15:39

Did you not send the client to see the IP yourself.

Normally they are quite reasonable if you have passed the work to them and include a tickle in their fees for you sending the work doing statement of affairs etc.

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Replying to Glennzy:
wolfy
By rob winder
25th Sep 2018 16:22

Looking at your profile picture Glenn I suspect you may be geographically close to me, or at least were.

No, I didn't send the client to see the IP. Its a long story that I wont go into, but I am glad to see the back of him.

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Replying to rob winder:
By Glenn Martin
25th Sep 2018 16:26

Well if you ever need a few decent IP contacts let me know as there are a few decent lads locally.

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By Justin Bryant
25th Sep 2018 16:05

Clearly, unless you are legally obliged to provide the information then you may charge your reasonable costs.

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Replying to Justin Bryant:
wolfy
By rob winder
25th Sep 2018 16:24

You have answered my question more succinctly.

Is there a legal obligation to provide this information.

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Replying to rob winder:
By johngroganjga
25th Sep 2018 16:40

No because you say the information doesn’t exist and needs to be worked on. That’s just new work you are being asked to do, and of course you are entitled to be paid for doing it.

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Replying to rob winder:
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By Justin Bryant
25th Sep 2018 17:38

You should ask the person who's asking for it (and hope that they don't charge you for their answer!).

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By bernard michael
26th Sep 2018 09:54

The IP will pay reasonable fees and add it to their charges

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By ksagroup
11th Oct 2018 16:05

Absolutely as Insolvency Practitioners https://www.companyrescue.co.uk we would pay reasonable expenses. The problem is of course that there may not be enough funds in the case to actually cover them. Directors have a legal duty to cooperate with the liquidator but other professionals not necessarily.

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