OpenLegislation

Paragraph 2

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

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 and the Secretary of State of functions under those Parts shall be determined in accordance with the provisions of the Table of Fees set out below—

Table of Fees

Fees payable in respect of individual voluntary arrangements only
Designation of FeeDescription of fee and circumstances in which it is chargedAmount of fee or applicable %
IVA1

Individual voluntary arrangement registration fee

On the registration of an individual voluntary arrangement by the Secretary of State there is payable a fee of—

£35
IVA2

Individual voluntary arrangement – official receiver’s nominee fee

For the performance by the official receiver in relation to an individual voluntary arrangement of the functions of nominee there shall be payable on the agreement of the official receiver so to act a fee of—

£300
IVA3

Individual voluntary arrangement – official receiver’s supervisor fee

For the performance by the official receiver in relation to an individual voluntary arrangement of the functions of supervisor, there shall be payable, a fee calculated as a percentage of any monies realised whilst he acts as supervisor at the rate of—

15%
Fees payable in bankruptcies only
Designation of FeeDescription of fee and circumstances in which it is chargedAmount of fee or applicable %
B1

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 there shall be payable a fee of—

£1,625
B2

Bankruptcy – Secretary of State’s administration fee

For the performance by the Secretary of State of her general duties under the insolvency legislation in relation to the administration of the estate of each bankrupt, there shall be payable a fee (up to a maximum of £100,000) calculated as a percentage of total chargeable receipts relating to the bankruptcy (but ignoring the first £2000 and that part of the total receipts which exceeds the bankruptcy ceiling) at the rate of—

17%
Fees payable in relation to winding up by the court only
Designation of FeeDescription of fee and circumstances in which it is chargedAmount of fee or applicable %
W1

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 there shall be payable a fee of—

£1,950
W2

Winding up by the court – Secretary of State’s administration fee

For the performance by the Secretary of State of her general duties under the insolvency legislation in relation to the administration of the affairs of each company which is being wound up by the court, there shall be payable a fee (up to a maximum of £100,000) calculated as a percentage of total chargeable receipts relating to the company (but ignoring the first £2000) at the rate of—

17%
Fees payable in bankruptcies and both types of winding up
Designation of FeeDescription of fee and circumstances in which it is chargedAmount of fee or applicable %
INV1

Investment fee – all cases

Each request made by a trustee in bankruptcy or a liquidator in a compulsory or a voluntary winding up for the purchase of any government securities shall be accompanied by a fee of—

£50