2011 No. 142

Insolvency

The Bankruptcy Fees (Scotland) Amendment Regulations 2011

Made

Laid before the Scottish Parliament

Coming into force

The Scottish Ministers make the following Regulations in exercise of the powers conferred by sections 69A, 72(1) and 73(1) of the Bankruptcy (Scotland) Act 19851 and all other powers enabling them to do so.

Citation and commencement1

These Regulations may be cited as the Bankruptcy Fees (Scotland) Amendment Regulations 2011 and come into force on 1st April 2011.

Amendment of the Bankruptcy Fees (Scotland) Regulations 19932

In Part II of the Schedule to the Bankruptcy Fees (Scotland) Regulations 19932—

a

in item 20 (for lodging any unclaimed dividend in an appropriate bank or institution set aside for payment to a creditor or creditors, in respect of each creditor on consignation)—

i

in Column 2, for “£13.00” substitute “£26.00”; and

ii

in Column 3, for “£12.00” substitute “£13.00”;

b

in item 21 (for uplifting any sum lodged in an appropriate bank or institution, in respect of each creditor on consignation)—

i

in Column 1, for “sum lodged in an appropriate bank or institution, in respect of each creditor on consignation” substitute—

unclaimed dividend consigned in an appropriate bank or institution, in respect of each creditor

ii

in Column 2, for “£13.00” substitute “£26.00”; and

iii

in Column 3, for “£12.00” substitute “£13.00”.

   FERGUS EWINGAuthorised to sign by the Scottish MinistersSt Andrew’s House,Edinburgh
EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations amend the Bankruptcy Fees (Scotland) Regulations 1993 to prescribe amended fees payable to the Accountant in Bankruptcy in respect of the exercise of certain of the Accountant in Bankruptcy’s functions under the Bankruptcy (Scotland) Act 1985.

In particular, the Regulations increase the fees for consigning unclaimed dividends and for uplifting consigned sums.