- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). This item of legislation is currently only available in its original format.
(This note is not part of the Order)
This Order makes provision for the charging of fees in relation to insolvency proceedings under the Insolvency (Northern Ireland) Order 1989 (“the 1989 Order”). It seeks in all cases to simplify the fee structure applicable in relation to insolvency proceedings under Parts I to X of the 1989 Order by reducing the number of fees payable. Hence it is not possible to make a direct comparison between any specific fee prescribed by this Order and a specific fee charged under the Insolvency (Fees) Order (Northern Ireland) 1991.
Article 3 of, and Schedule 1 to, the Order make provision for the revocation of the Orders listed in the Schedule with some savings. In any case where a bankruptcy order was made under the 1989 Order before the date that this Order comes into operation, only Fee 19 in Part 2 of the Schedule to the Insolvency (Fees) Order (Northern Ireland) 1991, will continue to apply. (Provision is made in the Insolvency Practitioners and Insolvency Account (Fees) Order (Northern Ireland) 2006 (S.R. 2006 No. 53) for the payment of fees in respect of the issue of cheques and other matters relating to the operation of the Insolvency Account in relation to bankruptcies). As regards cases where a winding-up order is made under the 1989 Order before the date this Order comes into operation, only Fee 8 in Part 1 of the Schedule to the Insolvency (Fees) Order (Northern Ireland) 1991 will continue to be payable. (Again the Insolvency Practitioners and Insolvency Account (Fees) Order (Northern Ireland) 2006 makes provision for the payment of fees in relation to the issue of cheques and other matters relating to the operation of the Insolvency Account in relation to liquidations).
Article 4 of, and Schedule 2 to, the Order set out fees payable in relation to winding-up by the High Court, bankruptcies, deeds of arrangement and individual voluntary arrangements. Article 5 prescribes the fees payable to insolvency practitioners under Article 247 of the 1989 Order. Article 6 makes provision in relation to the repayment of fees. Article 7 makes provision regarding VAT payable on fees.
A Regulatory Impact Assessment was prepared for the Insolvency (Northern Ireland) Order 2005. This deals with the restructuring of the system of insolvency fees. Copies of this assessment are available from the Legislation Unit, The Insolvency Service, Fermanagh House, 20A Ormeau Avenue, Belfast BT2 8NJ.
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Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Rule and provides information about its policy objective and policy implications. They aim to make the Statutory Rule accessible to readers who are not legally qualified and accompany any Northern Ireland Statutory Rule or Draft Northern Ireland Statutory Rule laid before the UK Parliament during the suspension of the Northern Ireland Assembly.
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