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.