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

seopower

good to know that

We_Are_The_Mods

What would the OR's fee have been last August? I know I had the court fee waived due to being unemployed but I can't for the life of me remember how much I paid, would it have been £400ish?

bobbingalong123

My husband has ZERO income but refuses to claim benefits. Not sure we would qualify anyway as I earn quite a lot. Do you think we can get the court fee waived?

mysterio_2

Court fee remission and forms.

• HMCS - Court fees do you have to pay them? (The form and guidance on completing the fee remission form included). (pdf)
• Example application for a fee remission based on gross annual income - EX160 (Thanks to NE Derbyshire CAB)
• Example application for a fee remission based on permitted benefits - EX160 (Thanks to NE Derbyshire CAB)
• Possible assistance with Bankruptcy costs / fees (Thanks to NE Derbyshire CAB)

myth123

We_Are_The_Mods wrote: »

What would the OR's fee have been last August? I know I had the court fee waived due to being unemployed but I can't for the life of me remember how much I paid, would it have been £400ish?

If I recall it was £450 for the OR deposit and £150 for the court fee before this April's increase.

kezxx22

I have had to stop paying my creditors and use that money for the BR fee. That and taking a bit from credit cards. Desperate measures

fermi

Warning issued on bankruptcy fees

A major overhaul of the bankruptcy fee structure is needed, the Insolvency Service has warned, after declaring it cannot sustain the current level of cases where the assets have no value.

Stephen Speed, agency chief executive of the Insolvency Service, made the warning during a debate on fees generated for insolvency practitioners (IPs) and creditors from bankruptcies at Insolvency Today’s annual conference.

Speed warned that the current volume of asset-less bankruptcy cases the Service received was unsustainable, and had almost reached a point where taxpayer money would be needed to cover the shortfall.

“The issue is who funds fund-less bankruptcies,” he said. “We are trying to get the number of cases down and we have got to reduce cases to a level where recovering costs is not an issue.”

Speed’s warning comes after the Insolvency Service was forced to write off £81m earlier this year, after taking a hit from fewer assets in insolvent estates and the value of those assets plummeting.

fatbelly

Then put the DRO limit up to 25k!

I think what's going to happen here is a huge hike in the OR fee...

fermi

That is what they are clearly angling for. :undecided

The fee hike...... not the DRO limit.

debtinfo

fatbelly wrote: »

Then put the DRO limit up to 25k!

This would make the situation much much worse, DRO's are are part of the problem, Whilst being very good news for debtors, the cost of them is uite clearly not met by the fee charged so doing more of them would just leave a bigger deficit to the IS