Official Receiver: Compensation
(asked on 9th March 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
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 by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 23rd 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.