List relationships and indemnities for an administrator's declaration
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the engagement records, list any relationship in the past two years with the company, an associate, a former liquidator or provisional liquidator, or a secured creditor over the whole or substantially the whole of the property, and list any indemnity the records describe. Record whether a declaration is with the first-meeting notice, or, if the lawyer has marked a creditors' voluntary liquidation, the date ten business days after appointment. Do not write the declaration or the reasons.
- What the lawyer must review
- The lawyer decides whether a relationship bars the appointment or must be disclosed, whether the reasons hold, and what is sent to creditors and lodged.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the engagement records, list any relationship in the past two years with the company, an associate, a former liquidator or provisional liquidator, or a secured creditor over the whole or substantially the whole of the property, and list any indemnity the records describe. Record whether a declaration is with the first-meeting notice, or, if the lawyer has marked a creditors' voluntary liquidation, the date ten business days after appointment. Do not write the declaration or the reasons. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Check each relationship and indemnity against the record named in the row.
- Confirm the ten business days are used only where the lawyer marked a creditors' voluntary liquidation.
- Confirm the row does not contain the declaration or the reasons, and does not say the person is independent.
Sources
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.
The Insolvency Practice Rules and Information Sheets 45 and 74 were not opened. The guide warns that it generalises. This is not the first-meeting diary and it is not the remuneration report.