Rules On Insolvency Practitioner Remuneration After The Fixed Rates For The Auction Of The Assets Of The Organisation, Which Serves As Security For The Satisfaction Of Claims Of Creditors

Original Language Title: Noteikumi par maksātnespējas procesa administratora atlīdzības noteikšanu pēc fiksētās takses par izsoles rīkošanu mantai, kas kalpo par nodrošinājumu kreditora prasījuma apmierināšanai

Read the untranslated law here: https://www.vestnesis.lv/ta/id/168412

Cabinet of Ministers Regulations No. 907 Riga 2007 December 18 (Mon. No 70 84. §) rules on insolvency practitioner remuneration after the fixed rates for the auction of the assets of the organisation, which serves as security for the satisfaction of claims of creditors Issued pursuant to article 99 of the law on the insolvency of the fourth paragraph of article 175 and the fourth 1. determines the insolvency administrator (hereinafter ad mi nis trator) fixed remuneration for conducting the auction for the property, which serves as a secure šinājum vendor to meet the claim. 2. the Administrator shall be entitled to reimbursement of funds recovered by selling real estate at auction, which serves as security for the satisfaction of claims of creditors amounting to: 250 lats for 2.1 recover funds up to 2000 lats;
2.2.300 lats for recovering funds from late 2001 until 3000 lats;
2.3.450 lats on recovered funds from 3001 to 5000 LVL lats;
2.4.750 lats on recovered funds from 5001 to 10000 pounds lats;
2.5.1500 dollars on recovered funds from 10 001 up to 25 000 LVL lats;
2.6.2000 lats for recovering funds from lat 25 001 to 50 000 lats;
2.7.2500 dollars for recovering funds from 50 001 up to 75 000 lats lats;
2.8.3000 lats on recovered funds from 75 001 to 100 000 lats lats;
2.9.3500 dollars for recovering funds from 100 001 up to 250 000 lats lats;
2.10.4000 lats on recovered funds from 250 001 to 500 000 lat lat;
2.11.4500 dollars of funds recovered from the lat 500 001 up to 1000 000 lats;
2.12.5000 lats for the amount of money recovered, which is larger than 1000 000 lats. 3. movable property or affairs among sales auction (where a case of togetherness is composed of real estate and movable property that serves as security for the satisfaction of claims of creditors) administrator receives this provision remuneration provided for in paragraph 2, applying the coefficient 1.5.4. If the administrator has specified remuneration in accordance with the insolvency law 182. the third paragraph of article, the administrator receives this provision in point 2 or 3 for the consideration of the amount of the claim of the secured creditor to recover the blanket away. 5. The Administrator and the creditor, provided by written agreement, has the right to determine the lower remuneration. 6. the rules shall enter into force by 1 January 2008. Prime Minister a. Halloween Justice Minister g. Smith