The Insolvency Proceedings (Fees) (Amendment) Order 2008

• Citation: S.I. 2008/714
• Sections: 3

Section 1 Citation and commencement

This Order may be cited as the Insolvency Proceedings (Fees) (Amendment) Order 2008 and shall come into force on 6th April 2008 (“the commencement date”).

Section 2 Amendment to the Insolvency Proceedings (Fees) Order 2004

(1) Subject to article 3 of this Order, the Insolvency Proceedings (Fees) Order 2004 (“the principal Order”) is amended as set out below.

(2) In article 5, for “£335”, there is substituted “£345”.

(3) In the definition of “appropriate deposit” in article 6—

(a) in paragraph (a), for “£670”, there is substituted “£690”;

(b) in paragraph (b), for “£335”, there is substituted “£345”; and

(c) in paragraph (c), for “£400”, there is substituted “£415”.

(4) In the Table of Fees in Schedule 2,

(a) in respect of the fee designated as fee B2, in the description of the fee and the circumstances in which it is charged in the second column, for the figure “£100,000”, there is substituted “£80,000”;

(b) in respect of the fee designated as fee W1, for “£2,090” prescribed as the amount of that fee, there is substituted “£2,160”; and

(c) in respect of the fee designated as fee W2, in the description of the fee and the circumstances in which it is charged in the second column, for the figure “£100,000”, there is substituted “£80,000”.

Section 3 Transitional provisions

(1) The amendments made by article 2 of this Order shall apply as set out below.

(2) The amendment made by article 2(2) shall only apply to reports submitted to the court in respect of debtors’ petitions presented on or after the commencement date.

(3) The amendments made by article 2(3), increasing the fees prescribed by article 6 of the principal Order, shall only apply to petitions presented on or after the commencement date.

(4) The amendments made by article 2(4)(a) and (c) shall not affect any liability to pay a fee in excess of £80,000 which has arisen prior to the commencement date.

(5) The amendment made by article 2(4)(b) shall only apply in respect of winding up orders made on or after the commencement date.