Submitted by Marilyn Wendy Susek on Saturday 13th April 2024
Published on Tuesday 7th May 2024
Current status: Closed
Closed: Wednesday 29th May 2024
Signatures: 32
Relevant Departments
Set a cap for liquidator fees
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.
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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18.218.132.6 Tue, 05 Nov 2024 10:36:07 +0000