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Official Receiver: Compensation

Question for Department for Business, Energy and Industrial Strategy

UIN HL6801, tabled on 9 March 2022

To ask Her Majesty's Government what steps the Insolvency Service takes to promote the existence of its official receiver compensation scheme to creditors in insolvency procedures, where the official receiver has been appointed as the office holder.

Answered on

23 March 2022

There is no formal Official Receiver compensation scheme. If an Official Receiver believes that their actions have caused a loss to an insolvency estate, they will seek a payment from the Insolvency Service to compensate that estate.