Examinations by the Official Receiver - A more cost effective option

Many will be aware that Liquidators and Trustees have the power to conduct public examinations of any relevant person during the course of their investigations.

A public examination is one of the most powerful investigatory tools available to an insolvency practitioner, as it requires the examinee to attend court where they can be questioned on matters relating to the company or the bankrupt's affairs. During the course of the public examination, the examinee is required to attend court to give evidence on oath and to produce any relevant books and records. The public examination process is primarily an information-gathering exercise. The information and documents provided may subsequently be used: