New Insolvency Fees – July 2016- Part 2

I covered, on my last post, the new fees that the Official Reciever will have powers to charge in insolvency cases. In addition to these new fees, there are also increases to fees across the board in relation to the existing fees. The new fees will affect both personal insolvencies and company winding up petitions and will apply to any Order (Bankruptcy or Winding Up) made on, or after, 21 July 2016. Fees Current Fee Fees [...]

2020-09-09T13:13:30+01:00Categories: debt recovery, Insolvency, process, Service|Tags: , , , , |

New Insolvency Fees from 21 July 2016

There is quite a substantial change to the insolvency fee structure on the horizon.  From 21 July 2016, the fees are changing to reflect the findings of the Managing Peoples Money guidance which was delivered to the Treasury in 2014. The key deliverable of the guidance is that fees should cover costs. An impact assessment exercise was concluded on 18 March 2016 and assessed the overall impact is that Insolvency Service income will rise by [...]

2020-09-09T13:32:15+01:00Categories: Insolvency, process, Service|Tags: , , |
Go to Top