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OR's deposit to increase to £525 from June 1st 2011 (Total = £700 to go BR)

fermi
fermi Posts: 40,542 Forumite
Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
edited 15 April 2011 at 1:04PM in Bankruptcy & living with it
The Insolvency Proceedings (Fees) (Amendment) Order 2011 comes into force on 1 June 2011

So the bankruptcy fee for debtor petitioned cases from June 1st will be £525 OR's deposit + £175 court fee = £700
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IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
«134567

Comments

  • Ineedaname
    Ineedaname Posts: 3,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 15 April 2011 at 3:49PM
    Many thanks for the heads up, gonna make it even tougher for peeps to find the fees.
    When I joined, I needed a name. The forum members gave one to me...I am INAN :D
    "Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    Certainly NOT good news for people....sudden rush the next few weeks methinks
    We all die. The goal isn't to live forever, the goal is to create something that will
  • dojoman
    dojoman Posts: 12,027 Forumite
    Unbelievable, soon it will be too expensive to go BR:eek::eek::eek:
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • iquit
    iquit Posts: 1,939 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    surprise.png
    Thereby making things harder for people in really difficult situations!
    2019 MFW No. 74 £13700/£30000 (45.66%)
    12k in 2018 No. 98 £6274.19/£18000 (34.85%)
    BTL (start) £97440.00 (current) £68000.00
    Residential (start) £275000.00 (current) £268000.00
  • skylight
    skylight Posts: 10,716 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Home Insurance Hacker!
    Tut tut.

    In my day, BR was the price of a tank of fuel.....
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    bump....

    I'll stick this at some point later, but not for now as many people don't really notice the stickies.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Ineedaname
    Ineedaname Posts: 3,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Can a line just be added to the Read This Frist thread where the fees are detailed anyway? Otherwise we could end up with half the first page being stickies.
    When I joined, I needed a name. The forum members gave one to me...I am INAN :D
    "Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Ineedaname wrote: »
    Can a line just be added to the Read This Frist thread where the fees are detailed anyway? Otherwise we could end up with half the first page being stickies.

    I'm going to do that anyway, once the SI is officially published on the legislation.gov.uk site.

    However, I'll probably also have this as a sticky, as it's very important for people contemplating BR in the near future. I'll just unstick one of the others while this is there. Probably the ICO statement of affairs one, as this is arguably more important than that in the short term
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Ineedaname
    Ineedaname Posts: 3,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    So this is inside knowledge, go Fermi. :D
    When I joined, I needed a name. The forum members gave one to me...I am INAN :D
    "Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Ineedaname wrote: »
    So this is inside knowledge, go Fermi. :D

    Nope.

    It's on the front page of the Insolvency Service's site for anyone to see.

    http://www.insolvency.gov.uk/

    Under "What's New - Latest News" on the right hand side.

    Where it links to a draft version of the order.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
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