Set a cap for liquidator fees

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Set a cap for liquidator fees

Petition Details

Currently the law sets out how fees can be calculated, but it doesn't set a cap on those fees. I've found it can take years and you might not retrieve enough money to pay the liquidator fees. I want a cap on the portion liquidators can take from investment retrieved in the liquidation process.

Additional Information

I believe we need to learn lessons from liquidations. A cap on fees could help to protect people from the devastating effects of investing in companies that can't honour promises or obligations and drop into liquidation creating a devastating effect for the investor.

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