The Insolvency (Fees) (Amendment) Order (Northern Ireland) 2011
Citation and commencement
1.
This Order may be cited as the Insolvency (Fees) (Amendment) Order (Northern Ireland) 2011 and shall come into operation on 30th June 2011.
Amendment to the Insolvency (Fees) Order (Northern Ireland) 2006
2.
3.
In Article 4—
(a)
in the heading after “bankruptcies,” insert “debt relief orders,”;
(b)
in paragraph (1), after “in respect of” insert “the costs of persons acting as approved intermediaries under Part 7A of the 1989 Order,”.
4.
“Fees payable in relation to debt relief orders
Designation of Fee
Description of fee and circumstances in which it is charged
Amount of fee
DRO1
Application for a debt relief
order – official receiver’s
administration fee and costs
of persons acting as
approved intermediaries
For the performance by the
official receiver of his
functions, and for the payment
of an amount not exceeding
£10 in respect of the costs of
persons acting as approved
intermediaries, under Part 7A
of the 1989 Order, there shall be
payable in connection with an
application for a debt relief
order, a fee of—
£90”
Sealed with the Official Seal of the Department of Enterprise, Trade and Investment on 21st January 2011.
The Department of Finance and Personnel concurs with the foregoing Order.
Sealed with the Official Seal of the Department of Finance and Personnel on 21st January 2011.
This Order makes amendments to the Insolvency (Fees) Order (Northern Ireland) 2006 (S.R. 2006 No. 54) (“the principal Order”). It introduces a new fee to follow on from the introduction of debt relief orders into the Insolvency (Northern Ireland) Order 1989 (“the 1989 Order”) by the Debt Relief Act (Northern Ireland) 2010.
Article 208B of the 1989 Order (making of application for a debt relief order) provides for payment of a fee in connection with an application for a debt relief order. Article 361 of the 1989 Order permits the charging of fees in respect of the costs of persons acting as approved intermediaries and the performance by the official receiver of functions in relation to such orders under Part 7A of the 1989 Order. Article 3(a) and (b) provides for the fee to be charged in respect of these costs to be as set out in Schedule 2 to the principal Order.
Article 4, inserts a new item into the Table of Fees in Schedule 2, to the principal Order which makes an application for a debt relief order subject to the payment of a fee of £90.
A Regulatory Impact Assessment was prepared for the Debt Relief Act (Northern Ireland) 2010. Copies of this are available from the Legislation Unit, The Insolvency Service, Fermanagh House, 20A Ormeau Avenue, Belfast BT2 8NJ.