2011 No. 1167

Insolvency, England And Wales
Fees

The Insolvency Proceedings (Fees) (Amendment) Order 2011

Made

Laid before Parliament

Coming into force

The Lord Chancellor, in exercise of the powers conferred by sections 414 and 415 of the Insolvency Act 19861 and with the sanction of the Treasury, makes the following Order—

Citation and commencement1

This Order may be cited as the Insolvency Proceedings (Fees) (Amendment) Order 2011 and comes into force on 1st June 2011.

Amendments to the Insolvency Proceedings (Fees) Order 20042

In the definition of “appropriate deposit” in article 6(1) of the Insolvency Proceedings (Fees) Order 20042—

a

in sub-paragraph (a), for “£1,000” substitute “£1,165”;

b

in sub-paragraph (b), for “£450” substitute “£525”; and

c

in sub-paragraph (c), for “£600” substitute “£700”.

Transitional Provision3

The amendments made by this Order apply only to petitions presented on or after 1st June 2011.

Signed by authority of the Lord Chancellor

Jonathan DjanoglyParliamentary Under Secretary of StateMinistry of Justice

We concur

Angela WatkinsonMichael FabricantTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Order)

This Order makes amendments to the Insolvency Proceedings (Fees) Order 2004 (the “principal Order”). Article 2 increases the amount of the deposits payable pursuant to article 6 of the principal Order on presenting a petition for bankruptcy or winding up.

Article 3 provides that the increases apply only to petitions presented on or after 1st June 2011.

A full impact assessment of the effect that the instrument will have on the costs of business and the voluntary sector is available from Policy Unit, The Insolvency Service, 21 Bloomsbury Street, London WC21B 3QW and is published with the Explanatory Memorandum alongside the instrument on www.legislation.gov.uk.