Question

When sufficient amount is not available to make payment to unsecured creditors, then the remuneration will be calculated as under.

• A. $\frac{\text{Amount available to unsecured creditor}\times \text{Percentage of remuneration}}{100+\text{percentage of remuneration}}$
• B. $\text{Amount available to unsecured creditor}\times \frac{\text{Percentage of remuneration}}{100}$
• C. $\text{Balance amount available to contributories}\times \frac{\text{Percentage of remuneration}}{100}$
• D. $\text{Balance amount available to contributories}\times \frac{\text{Percentage of remuneration}}{100+\text{percentage of remuneration}}$

Answer 1

The correct option is A $\frac{\text{Amount available to unsecured creditor}\times \text{Percentage of remuneration}}{100+\text{percentage of remuneration}}$

Not in course