Un-Welcomed News As Court Fee's To Rise Again

2011 No. 0000

INSOLVENCY, ENGLAND AND WALES

fees

The Insolvency Proceedings (Fees) (Amendment) Order 2011

Made - - - - ***

Laid before Parliament ***

Coming into force - - ***

The Lord Chancellor, in exercise of the powers conferred bysections 414 and 415 of the Insolvency Act 1986([a])and with the sanction of the Treasury, makes the following Order—

Citation and commencement

1. This Ordermay be cited as the Insolvency Proceedings (Fees) (Amendment) Order 2011 andcomes into force on 1st June 2011.

Amendments to the Insolvency Proceedings (Fees) Order 2004

2. In thedefinition of "appropriate deposit" in article 6(1) of the InsolvencyProceedings (Fees) Order 2004([b])—

(a) insub-paragraph (a), for "£1,000" substitute "£1,165";

(b) insub-paragraph (b), for "£450" substitute "£525"; and

(c) insub-paragraph (c), for "£600" substitute "£700".

Transitional Provision

3. Theamendments made by this Order apply only to petitions presented on or after 1stJune 2011.

Lord Chancellor and Secretary of State for Justice

Ministry of Justice

We concur

Two of the Lord's Commissioners of Her Majesty's Treasury

EXPLANATORY NOTE

(This note is not part of the Order)

This Order makes amendments to the Insolvency Proceedings (Fees)Order 2004 (the "principal Order"). Article 2 increases the amount of the deposits payable pursuant toarticle 6 of the principal Order on presenting a petition for bankruptcy orwinding up.

Article 3 provides that the increases apply only to petitionspresented on or after 1st June 2011.

A full impact assessment of the effect that the instrumentwill have on the costs of business and the voluntary sector is available fromPolicy Unit, The Insolvency Service, 21 Bloomsbury Street, London WC21B 3QW andis published with the Explanatory Memorandum alongside the instrument onwww.legislation.gov.uk.