Article 6 Amendments to the Insolvency Proceedings (Fees) Order 2004

(1)

In Schedule 2, the Table of Fees is amended as follows.

(2)

In respect of the fee designated as IVA1, for “£10” prescribed as the amount of that fee, substitute “£15”.

(3)

In respect of the fee designated as B2, in the description of fee and circumstances in which it is charged in the second column insert after “bankruptcy ceiling” (and within the brackets) “and receipts which on or after 6th April 2009 relate to an excepted bankruptcy”.

(4)

Immediately before the heading “Fees payable in relation to winding up by the court only”, insert—

“

Fees payable in relation to debt relief orders

Designation of Fee Description of fee and circumstances in which it is charged Amount of fee
DRO1 Application for a debt relief order – official receiver’s administration fee and costs of persons acting as approved intermediaries
For the performance by the official receiver of his functions, and for the payment of an amount not exceeding £10 in respect of the costs of persons acting as approved intermediaries, under Part 7A of the Act, there shall be payable in connection with an application for a debt relief order, a fee of—
£90

”

(5)

In respect of the fee designated as W2, in the description of fee and circumstances in which it is charged in the second column insert after “£2000” (and within the brackets) “and receipts which on or after 6th April 2009 relate to an excepted winding up”.

(6)

In respect of fee INV1, substitute—

“

INV1 Investment fee on purchase or sale of government securities—
For each purchase or sale of any government securities made at the request of a trustee in bankruptcy or a liquidator in a compulsory or voluntary winding up—
(a)

in respect of a purchase, where the cost of the securities (including accrued interest, if any)—

(i)

does not exceed £5,000, a fee of—

£50
(ii)

exceeds £5,000, a fee of—

£50 plus 0.3% of the cost in excess of £5,000
(b)

in respect of a sale, where the proceeds of sale of the securities (including accrued interest, if any) exceed £5,000, a fee of—

£50 plus 0.3% of the proceeds in excess of £5,000

”

Fees payable in relation to debt relief orders
Designation of Fee	Description of fee and circumstances in which it is charged	Amount of fee
DRO1	Application for a debt relief order – official receiver’s administration fee and costs of persons acting as approved intermediaries

	For the performance by the official receiver of his functions, and for the payment of an amount not exceeding £10 in respect of the costs of persons acting as approved intermediaries, under Part 7A of the Act, there shall be payable in connection with an application for a debt relief order, a fee of—
		£90


INV1	Investment fee on purchase or sale of government securities—

	For each purchase or sale of any government securities made at the request of a trustee in bankruptcy or a liquidator in a compulsory or voluntary winding up—
	(a) in respect of a purchase, where the cost of the securities (including accrued interest, if any)—

	(i) does not exceed £5,000, a fee of—
		£50
	(ii) exceeds £5,000, a fee of—
		£50 plus 0.3% of the cost in excess of £5,000
	(b) in respect of a sale, where the proceeds of sale of the securities (including accrued interest, if any) exceed £5,000, a fee of—
		£50 plus 0.3% of the proceeds in excess of £5,000