Originally Posted by
Icarus2001
My understanding is that they are also on the hook for costs incurred from when they took over as administrators. If no buyer is found, they have to find their fees from the sale of assets.
Administrators will have precedence to get their fees paid as a priority creditor. This is slightly different in a receivership situation where the company/bank etc that appoints the receiver guarantees the receivers fees though in practice the end result is the same.