OpenLegislation

Insolvency (Fees) (Amendment) Order (Northern Ireland) 1996

S.R. 1996/576 · Made 10 December 1996 · Extends to Northern Ireland

Not fully up to date. 3 changes made by later legislation have not yet been written into this text, which is revised to 10 December 1996.

See the changes not yet applied
ProvisionChangeMade by
art. 1coming into forceInsolvency (Fees) 1996 art. 1
art. 2coming into forceInsolvency (Fees) 1996 art. 1
OrderrevokedInsolvency (Fees) 2006 Sch. 1

INSOLVENCY

Made 10th December 1996

To be laid before Parliament under paragraph 3(3) of Schedule 1 to the Northern Ireland Act 1974

Coming into operation 31st January 1997

The Department of Economic Developmentf1, in exercise of the powers conferred on it by Article 361(1), (3) and (4) of the Insolvency (Northern Ireland) Order 1989f2 and of every other power enabling it in that behalf, with the concurrence of the Department of Finance and Personnel, hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

See Article 2(2) of S.I. 1989/2405 (N.I. 19)

f2

S.I. 1989/2405 (N.I. 19)

Contents

  1. 1Citation and commencement Not yet in force
  2. 2Amendment of the Insolvency (Fees) Order (Northern Ireland) 1991 Not yet in force
  3. Signature
  4. Explanatory note

1Citation and commencementI1

This Order may be cited as the Insolvency (Fees) (Amendment) Order (Northern Ireland) 1996 and shall come into operation on 31st January 1997.

2Amendment of the Insolvency (Fees) Order (Northern Ireland) 1991I1

The Insolvency (Fees) Order (Northern Ireland) 1991f1 shall be amended—

(a)

in Article 2, by substituting for the words “the Insolvency Regulations (Northern Ireland) 1991”, the words “the Insolvency Regulations (Northern Ireland) 1996”f2;

(b)

in Article 4, by substituting for the words “The fees” at the beginning the words “Subject to Article 4A, the fees”;

(c)

by inserting after Article 4 the following Article—

“Limits on certain fees

4A
(1)

Fee No. 13 set out in Part II of the Schedule shall not exceed the sum which is arrived at by applying the scale by which that fee is calculated to such part of the payments made by the official receiver into the Insolvency Account as a result of the performance of his functions as receiver and manager under Article 260 of the Order as is required to pay the maximum amount.

(2)

Fee No. 19 set out in Part II of the Schedule shall not exceed the sum which is arrived at by applying the scale by which that fee is calculated to such part of the amounts paid into the Insolvency Account by trustees under regulation 20 and by the official receiver as receiver and manager under Article 260 of the Order as is required to pay the maximum amount.

(3)

In paragraphs (1) and (2), “the maximum amount” means the total sum of—

(a)

the bankruptcy debts to the extent required to be paid by the Rules (ignoring those debts paid otherwise than out of the proceeds of the realisation of the bankrupt’s assets or which have been secured to the satisfaction of the High Court);

(b)

the expenses of the bankruptcy other than—

(i)

fees or the remuneration of the official receiver;

(ii)

for the purposes of paragraph (1), any sums spent in carrying on the business of the debtor;

(iii)

for the purposes of paragraph (2), any sums spent out of money received in carrying on the business of the debtor;

(c)

fees payable under this Order other than Fee No. 13 and Fee No. 19 in Part II of the Schedule; and

(d)

the remuneration of the official receiver, other than remuneration calculated pursuant to regulation 34 by reference to the realisation scale in Table 1 of Schedule 1 to the Regulations.

(4)

For the purposes of this Article—

(a)

the expression “bankruptcy debts” shall include any interest payable by virtue of Article 300(4) of the Order; and

(b)

the expression “the expenses of the bankruptcy” shall have the meaning which it bears in the Rules.”;

(d)

in Article 7, by substituting for the amount “£135” shown in relation to a report submitted under Article 248 of the Order, the amount “£250”; and

(e)

in the Schedule—

(i)

by substituting for the words “Regulations 5 and 17” in Fee No. 7 in Part I, the words “Regulations 7 and 8”;

(ii)

by substituting for the words “Regulations 4 and 18” in Fee No. 8 in Part I, the words “Regulations 5(1) and 18”;

(iii)

by substituting for the words “Regulation 35” in Fee No. 9 in Part If3, the words “Regulation 18”;

(iv)

by substituting for the words “Regulations 5 and 17” in Fee No. 18 in Part II, the words “Regulations 22 and 23”; and

(v)

by substituting for the words “Regulation 4” in Fee No. 19 in Part II, the words “Regulation 20”.

Signature

Sealed with the Official Seal of the Department of Economic Development on 10th December 1996.

L.S.

A. L. Brown

Assistant Secretary

The Department of Finance and Personnel hereby concurs with the foregoing Order.

Sealed with the Official Seal of the Department of Finance and Personnel on 10th December 1996.

L.S.

D. Thomson

Assistant Secretary

Explanatory note

(This note is not part of the Order.)

This Order further amends the Insolvency (Fees) Order (Northern Ireland) 1991.

The Order makes the following principal changes—

1

A new provision limits the fees payable for functions carried out by the official receiver as receiver and manager and by the Department of Economic Development where the bankruptcy debts and expenses are paid in full (or in the case of bankruptcy debts, are secured to the satisfaction of the High Court) (Article 2(c)).

2

The fee payable by the official receiver to an insolvency practitioner appointed by the High Court to prepare and submit a report under Article 248 of the Insolvency (Northern Ireland) Order 1989 is increased from £135 to £250 (Article 2(d)).

This Order also makes amendments consequential upon the making of the Insolvency Regulations (Northern Ireland) 1996 (Article 2(a) and (e)).