Citation and commencement

1. —(1) This Order may be cited as the Insolvency Proceedings (Fees) (Amendment) Order 2015 and comes into force on 16th November 2015.

(2) In this Order any reference to a numbered article or Schedule is a reference to that article of, or Schedule to, the Insolvency Proceedings (Fees) Order 2004( 2 ).

Amendments to the Insolvency Proceedings (Fees) Order 2004

2.Article 6(1) (deposits-winding up by the court and bankruptcy) the definition of “appropriate deposit” is amended as follows—

(a) in sub-paragraph (a), for “£1,250” substitute, “£1,350”; and

(b) in sub-paragraph (c), for “£750” substitute “£825”.

3. —(1) In Schedule 2 the Table of Fees is amended as follows.

(2) In respect of the fee designated as B1, for “£1,850” prescribed as the amount of that fee, substitute “£1,990”.

(3) In respect of the fee designated as W1, for “£2,400” prescribed as the amount of that fee, substitute “£2,520”.

(4) In respect of the fees designated as B2 and W2—

(a) for the applicable percentage prescribed as “100%”, substitute “75%”; and

(b) for the applicable percentage prescribed as “75%”, substitute “50%”.

Transitional Provision

4. —(1) The amendments made by article 2 of this Order apply only to petitions presented on or after 16th November 2015.

(2) The amendments made by article 3 of this Order apply only in respect of bankruptcy and winding-up orders made on or after 16th November 2015.