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Article 4 Fees payable in connection with bankruptcies, individual voluntary arrangements and winding up

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Subject to paragraphs (2) and (3) and article 8, the fees payable to the Secretary of State in respect of proceedings under Parts I to XI of the Act and the performance by the official receiver or Secretary of State of functions under those Parts shall be determined in accordance with the provisions of Schedule 2 to this Order.

(2)

Paragraph (1) and the provisions of Schedule 2 shall not apply to a bankruptcy where the bankruptcy order was made before the commencement date except insofar as is necessary to enable the charging of—

(a)

fee INV1; or

(b)

as regards an individual voluntary arrangement proposed by, or entered into by, the bankrupt, fees IVA1, IVA2 or IVA3.

(3)

Paragraph (1) and the provisions of Schedule 2 shall not apply to a winding up by the court where the winding-up order was made before the commencement date except insofar as is necessary to enable the charging of fee INV1.

(4)

Each request for the purchase of any government securities made by a trustee in bankruptcy under the Bankruptcy Act 1914 or a liquidator in a winding up under the provisions of the Companies Act 1985 shall be accompanied by a fee of £50.