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Interest
Interest may be claimed-up to the date of the receiving order - if it is payable:
Interest over 6% p.a. is a deferred debt, although except in the case of a moneylender, the trustee can admit proof for the full amount.
Statutory interest is payable in all debts at 6% p.a. from the date of the receiving order, if there is a surplus after payment of all debts in full. Sums paid to the creditor before the receiving order must be apportioned between principal and interest.
how many types of assets and liabilities are there? list of those types required
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Trustees right to be indemnified Trustees have, however, a right to be indemnified: 1. Out of trust property, for all expenses properly incurred in the execution of the tru
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