The Insolvency Proceedings (Fees) (Amendment) Order 2007

Amendment to the Insolvency Proceedings (Fees) Order 2004

2.—(1) Subject to article 4, the Insolvency Proceedings (Fees) Order 2004(1) (“the principal Order”) is amended as set out below.

(2) In article 5, for “£310”, there is substituted “£335”.

(3) In the definition of “appropriate deposit” in article 6—

(a)in paragraph (a), for “£655”, there is substituted “£670”;

(b)in paragraph (b), for “£325”, there is substituted “£335”;

(c)in paragraph (c), for “£390”, there is substituted “£400”.

(4) In article 7(1), for “£315”, there is substituted “£310”.

(5) In article 8, for “£812.50”, there is substituted “£857.50”.

(6) In the definition of “the bankruptcy ceiling” in paragraph 1(1) of Schedule 2, for paragraph (b) substitute—

“(b)any interest payable by virtue of sections 328(4) and 329(2)(b); and”.

(7) In the Table of Fees in Schedule 2—

(a)in respect of the fee designated as fee IVA1, for the amount of “£15” prescribed as payable on the registration of an individual voluntary arrangement by the Secretary of State, there is substituted “£10”;

(b)in respect of the fee designated as fee B1—

(i)for the description of the fee and the circumstances in which it is charged, there is substituted—

“Bankruptcy – official receiver’s administration fee

For the performance by the official receiver of his general duties as official receiver on the making of a bankruptcy order, including his duty to investigate and report upon the affairs of bankrupts, there shall be payable a fee of—”;

(ii)for “£1,625” prescribed as the amount of that fee, there is substituted “£1,715”;

(c)in respect of the fee designated as fee W1—

(i)for the description of the fee and the circumstances in which it is charged, there is substituted—

“Winding up by the court — official receiver’s administration fee

For the performance by the official receiver of his general duties as official receiver on the making of a winding-up order, including his duty to investigate and report upon the affairs of bodies in liquidation, there shall be payable a fee of—”;

(ii)for “£1,950” prescribed as the amount of that fee, there is substituted “£2,090”.