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					<dc:identifier>http://www.legislation.gov.uk/nisr/2011/390/article/5</dc:identifier><dc:title>The Insolvency (Fees) (Amendment No. 2) Order (Northern Ireland) 2011</dc:title><dc:subject>Regulatory impact assessment</dc:subject><dc:language>en</dc:language><dc:subject scheme="SIheading">INSOLVENCY</dc:subject><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2022-08-03</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2021-06-30</dct:valid>
					<dc:description>This Order makes amendments to the Insolvency (Fees) Order (Northern Ireland) 2006 (S.R. 2006 No. 54) (“the principal Order”) in relation to the fees charged for insolvency proceedings under the Insolvency (Northern Ireland) Order 1989 (“the 1989 Order”).</dc:description>
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					<atom:link rel="http://www.legislation.gov.uk/def/navigation/memorandum" href="http://www.legislation.gov.uk/nisr/2011/390/memorandum" title="Explanatory Memorandum"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/memorandum/toc" href="http://www.legislation.gov.uk/nisr/2011/390/memorandum/contents" title="Explanatory Memorandum Table of Contents"/>
					
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<ukm:DateTime Date="2012-01-31"/></ukm:ComingIntoForce><ukm:ISBN Value="9780337986437"/></ukm:SecondaryMetadata>
					

                    
									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/nisr/2011/390/notes"/><ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/nisr/2011/390/pdfs/nisrem_20110390_en.pdf" Date="2011-11-09" Title="Explanatory Memorandum" Size="99819"/></ukm:Alternatives>       
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				</ukm:Metadata><Secondary><Body DocumentURI="http://www.legislation.gov.uk/nisr/2011/390/body" IdURI="http://www.legislation.gov.uk/id/nisr/2011/390/body" NumberOfProvisions="6" NumberFormat="default" RestrictExtent="N.I." RestrictStartDate="2021-06-30"><P1group RestrictExtent="N.I." RestrictStartDate="2021-06-30"><Title>Fees payable in connection with bankruptcies, debt relief orders, individual voluntary arrangements<CommentaryRef Ref="key-87d2d889eb1cd29bad552a3e13b98ec9"/>... and winding up</Title><P1 DocumentURI="http://www.legislation.gov.uk/nisr/2011/390/article/5" IdURI="http://www.legislation.gov.uk/id/nisr/2011/390/article/5" id="article-5"><Pnumber><CommentaryRef Ref="key-da78876bba7351cf71324528fcb5e1b3"/>5</Pnumber><P1para><Text>In Schedule 2, in paragraph 2, in the Table of Fees—</Text><P3 DocumentURI="http://www.legislation.gov.uk/nisr/2011/390/article/5/a" IdURI="http://www.legislation.gov.uk/id/nisr/2011/390/article/5/a" id="article-5-a"><Pnumber>a</Pnumber><P3para><Text>in relation to the fee designated as B1, for “£925” substitute “£1,050”;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/nisr/2011/390/article/5/b" IdURI="http://www.legislation.gov.uk/id/nisr/2011/390/article/5/b" id="article-5-b"><Pnumber>b</Pnumber><P3para><Text>for the fee designated as B2 substitute—</Text><BlockAmendment Context="unknown" TargetClass="unknown" TargetSubClass="unknown" Format="default" NumberFormat="default"><Tabular Orientation="portrait"><xhtml:table xmlns:xhtml="http://www.w3.org/1999/xhtml" cols="3"><xhtml:colgroup span="1"><xhtml:col width="67.05pt" span="1"/><xhtml:col width="198pt" span="1"/><xhtml:col width="133.05pt" span="1"/></xhtml:colgroup><xhtml:tbody><xhtml:tr><xhtml:td colspan="1" rowspan="1">B2</xhtml:td><xhtml:td colspan="1" rowspan="1"><Strong>Bankruptcy - Department’s administration fee applicable to bankruptcy orders made on or after 31st January 2012</Strong></xhtml:td><xhtml:td colspan="1" rowspan="1"/></xhtml:tr><xhtml:tr><xhtml:td colspan="1" rowspan="1"/><xhtml:td colspan="1" rowspan="1">For the performance by the Department of its general duties under the insolvency legislation in relation to the administration of the estate of each bankrupt, there shall be payable a fee calculated in accordance with the following scale as a percentage of chargeable receipts relating to the bankruptcy (but ignoring that part of the chargeable receipts which exceeds the bankruptcy ceiling) at the rate of—</xhtml:td><xhtml:td colspan="1" rowspan="1" valign="bottom"><Para><Text><Character Name="EmSpace"/>0% of the first £2,000</Text></Para><Para><Text>100% of the next £1,700 75% of the next £1,500</Text></Para><Para><Text>15% of the next £396,000</Text></Para><Para><Text>1% of the remainder, subject to a maximum of £80,000</Text></Para></xhtml:td></xhtml:tr></xhtml:tbody></xhtml:table></Tabular></BlockAmendment><AppendText>;</AppendText></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/nisr/2011/390/article/5/c" IdURI="http://www.legislation.gov.uk/id/nisr/2011/390/article/5/c" id="article-5-c"><Pnumber>c</Pnumber><P3para><Text>in relation to the fee designated as W1, for “£1,615” substitute “£1,800”;</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/nisr/2011/390/article/5/d" IdURI="http://www.legislation.gov.uk/id/nisr/2011/390/article/5/d" id="article-5-d"><Pnumber>d</Pnumber><P3para><Text>for the fee designated as W2 substitute—</Text><BlockAmendment Context="unknown" TargetClass="unknown" TargetSubClass="unknown" Format="default" NumberFormat="default"><Tabular Orientation="portrait"><xhtml:table xmlns:xhtml="http://www.w3.org/1999/xhtml" cols="3"><xhtml:colgroup span="1"><xhtml:col width="67.05pt" span="1"/><xhtml:col width="198.35pt" span="1"/><xhtml:col width="132.7pt" span="1"/></xhtml:colgroup><xhtml:tbody><xhtml:tr><xhtml:td colspan="1" rowspan="1">W2</xhtml:td><xhtml:td colspan="1" rowspan="1"><Strong>Winding up by the court - Department’s administration fee applicable to winding up orders made on or after 31st January 2012</Strong></xhtml:td><xhtml:td colspan="1" rowspan="1"/></xhtml:tr><xhtml:tr><xhtml:td colspan="1" rowspan="1"/><xhtml:td colspan="1" rowspan="1">For the performance by the Department of its general duties under the insolvency legislation in relation to the administration of the affairs of each company which is being wound up by the court, there shall be payable a fee calculated in accordance with the following scale as a percentage of chargeable receipts relating to the company at the rate of—</xhtml:td><xhtml:td colspan="1" rowspan="1" valign="bottom"><Para><Text><Character Name="EnSpace"/>0% of the first £2,000</Text></Para><Para><Text>100% of the next £1,700</Text></Para><Para><Text>75% of the next £1,500</Text></Para><Para><Text>15% of the next £396,000</Text></Para><Para><Text>1% of the remainder, subject to a maximum of £80,000</Text></Para></xhtml:td></xhtml:tr></xhtml:tbody></xhtml:table></Tabular></BlockAmendment><AppendText>.</AppendText></P3para></P3></P1para></P1></P1group></Body></Secondary><Commentaries><Commentary id="key-da78876bba7351cf71324528fcb5e1b3" Type="I"><Para><Text><CitationSubRef id="cmygz1l24-00015" SectionRef="article-5" URI="http://www.legislation.gov.uk/id/nisr/2011/390/article/5">Art. 5</CitationSubRef> in operation at 31.1.2012, see <CitationSubRef id="cmygz1l24-00016" CitationRef="" SectionRef="article-1" URI="http://www.legislation.gov.uk/id/nisr/2011/390/article/1" Operative="true">art. 1</CitationSubRef></Text></Para></Commentary><Commentary id="key-87d2d889eb1cd29bad552a3e13b98ec9" Type="F"><Para><Text>Words in <CitationSubRef id="cmyh3fek4-00006" SectionRef="article-5" URI="http://www.legislation.gov.uk/id/nisr/2011/390/article/5">art. 5</CitationSubRef> heading omitted (30.6.2021) by virtue of <Citation URI="http://www.legislation.gov.uk/id/nisr/2021/140" id="cmyh3fek4-00007" Class="NorthernIrelandStatutoryRule" Year="2021" Number="140" Title="The Insolvency (Amendment) (2016 Act) (Consequential Amendments and Revocation) Order (Northern Ireland) 2021">The Insolvency (Amendment) (2016 Act) (Consequential Amendments and Revocation) Order (Northern Ireland) 2021 (S.R. 2021/140)</Citation>, <CitationSubRef CitationRef="cmyh3fek4-00007" id="cmyh3fek4-00008" SectionRef="article-8" URI="http://www.legislation.gov.uk/id/nisr/2021/140/article/8" Operative="true">art. 8</CitationSubRef>, <CitationSubRef CitationRef="cmyh3fek4-00007" id="cmyh3fek4-00009" SectionRef="regulation-1" URI="http://www.legislation.gov.uk/id/nisr/2021/140/regulation/1">reg. 1</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>