Fees payable in connection with bankruptcies, debt relief orders, individual voluntary arrangementsF1... and winding upN.I.
This section has no associated Explanatory Memorandum
5. In Schedule 2, in paragraph 2, in the Table of Fees—
(a)in relation to the fee designated as B1, for “£925” substitute “£1,050”;
(b)for the fee designated as B2 substitute—
| “B2 | Bankruptcy - Department’s administration fee applicable to bankruptcy orders made on or after 31st January 2012 | |
| 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— | 0% of the first £2,000 100% of the next £1,700 75% of the next £1,500 15% of the next £396,000 1% of the remainder, subject to a maximum of £80,000”; |
(c)in relation to the fee designated as W1, for “£1,615” substitute “£1,800”;
(d)for the fee designated as W2 substitute—
| “W2 | Winding up by the court - Department’s administration fee applicable to winding up orders made on or after 31st January 2012 | |
| 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— | 0% of the first £2,000 100% of the next £1,700 75% of the next £1,500 15% of the next £396,000 1% of the remainder, subject to a maximum of £80,000”. |