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Statutory Instruments

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( 1 ).

Citation, commencement and extent

1. —(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.

Amendment of the Insolvency Proceedings (Fees) Order 2016

2. —(1)The Insolvency Proceedings (Fees) Order 2016( 2 ) 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” .

Signed by the authority of the Lord Chancellor

Heidi Alexander

Minister of State

Ministry of Justice

17th September 2024

We concur

Jeff Smith

Anna Turley

Two of the Lords Commissioners of His Majesty's Treasury

11th September 2024

( 1 )

1986 c. 45 . Section 414 was amended by paragraph 23 of Schedule 3 to the Corporate Insolvency and Governance Act 2020 (c. 12) and S.I. 2007/2194 ; there are other amendments not relevant to this Order. Section 415 was amended by paragraph 9 of Schedule 20 to the Tribunals, Courts and Enforcement Act 2007 (c. 15) and paragraph 59 of Schedule 19 to the Enterprise and Regulatory Reform Act 2013 (c. 24) .

( 2 )

S.I. 2016/692 , to which there are amendments not relevant to this Order.

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Insolvency Proceedings (Fees) (Amendment) Order 2024 (2024/963)

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