Title and introductory text
2024 No. 963
INSOLVENCY, ENGLAND AND WALES
The Insolvency Proceedings (Fees) (Amendment) Order 2024
Made
17th September 2024
Laid before Parliament
19th September 2024
Coming into force
9th January 2025
The Lord Chancellor, with the sanction of the Treasury, makes this Order in exercise of the powers conferred by sections 414 and 415 of the Insolvency Act 1986.
Propose a change1 Citation, commencement and extent
(1) This Order may be cited as the Insolvency Proceedings (Fees) (Amendment) Order 2024 and comes into force on 9th January 2025.
(2) This Order extends to England and Wales.
Propose a change2 Amendment of the Insolvency Proceedings (Fees) Order 2016
(1) The Insolvency Proceedings (Fees) Order 2016 is amended as follows.
(2) In article 2 (Interpretation), in the definition of “deposit”, in paragraph (d) for “£5,000” substitute “£13,500”.
(3) In Schedule 1 (Fees payable in insolvency proceedings) in the second column of the Table of Fees (amount of fee or applicable %)—
(a) in the entry next to “Bankruptcy – official receiver’s administration fee following debtor’s application”, for “£1,990” substitute “£2,390”;
(b) in the entry next to “Bankruptcy – official receiver’s administration fee following creditor’s petition”, for “£2,775” substitute “£3,300”;
(c) in the entry next to “Winding up by the court other than a winding up on a petition presented under section 124A – official receiver’s administration fee”, for “£5,000” substitute “£6,000”;
(d) in the entry next to “Winding up by the court on a petition presented under section 124A – official receiver’s administration fee”, for “£7,500” substitute “£13,500”;
(e) in the entry next to “Official receiver’s general fee”, for “£6,000” substitute “£7,200”.
Propose a change