The Insolvency Proceedings (Fees) (Amendment) Order 2009

Transitional provisions

7.—(1) The amendments made by this Order shall apply as follows.

(2) The amendment made by article 4(1)(c) to article 4(4) of the principal Order increasing the fee with respect to the purchase of government securities and introducing a fee for the sale of government securities 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 only apply where the request to purchase or sell is made on or after 6th April 2009 and, in the case of a sale, only where the request to purchase the securities which are to be sold was also made after on or after 6th April 2009.

(3) The amendment made by article 4(2) to article 5 of the principal Order shall only apply to reports submitted to the court in respect of debtor’s petitions presented on or after 6th April 2009.

(4) The amendments made by article 4(3), increasing the amounts of appropriate deposit prescribed by article 6 of the principal Order, shall only apply to petitions presented on or after 6th April 2009.

(5) The amendment made by article 4(4), increasing the amount of security deposit prescribed by article 7(1) of the principal Order, shall only apply to notifications sent to the official receiver on or after 6th April 2009.

(6) The amendment made by article 6(2) to fee IVA1 shall only apply to a voluntary arrangement under Part 8 of the Insolvency Act 1986 in respect of which information required to be submitted to the Secretary of State by virtue of Part 5 of the Insolvency Rules 1986(1) is first submitted in relation to that arrangement on or after 6th April 2009.

(7) The amendment made by article 6(6) to fee INV1, increasing the fee for the purchase of government securities and introducing a fee for the sale of government securities, shall only apply where the request to purchase or sell is made on or after 6th April 2009 and, in the case of a sale, only where the request to purchase the securities which are to be sold was also made on or after 6th April 2009.

(1)

S.I. 1986/1925, amended by S.I. 1987/1919, 1989/397, 1991/495, 1993/602, 1995/586, 1999/359, 1999/1022, 2001/763, 2002/1307, 2002/2712, 2003/1730, 2004/584, 2004/1070, 2005/527, 2006/1272, 2007/1974 and 2008/737.