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The Insolvency Proceedings (Fees) Order 2016

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2.  In this Order—

the Act” means the Insolvency Act 1986(1);

“chargeable receipts” means the sums which are paid into the Insolvency Services Account after deducting any amounts which are paid out to secured creditors or paid out in carrying on the business of the bankrupt or the company;

“the commencement date” means the date this Order comes into force;

“deposit” means—

(a)

on the making of a bankruptcy application, the sum of £550,

(b)

on the presentation of a bankruptcy petition, the sum of £990,

(c)

on the presentation of a winding up petition, other than a petition presented under section 124A(2) of the Act, the sum of £1,600,

(d)

on the presentation of a winding-up petition under section 124A of the Act, the sum of £5,000;

“official receiver’s administration fee” means the fee payable to the official receiver on the making of a bankruptcy or winding up order out of the chargeable receipts of the estate of the bankrupt or, as the case may be, the assets of the insolvent company for the performance of the official receiver’s functions under the Act.

(2)

Section 124A was inserted by sections 60(3) of the Companies Act 1989 (c.40).

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