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Trustee charges and procedures

sav1876 · 2018-10-12 20:56:44

Hi all, First time poster looking for some advice please. I’ll give a bit of background. My father in law has been in poor health in recent years and has struggled with alcoholism. He received a letter from his mortgage lender saying the house was being repossessed due to a large amount of arrears. He decided to sell the…

Comments

Flyright Posts: 424 Forumite

18 October 2018 at 3:27PM edited 18 October 2018 at 3:48PM

The OR does not receive a fee of £2775 from the petitioner on the making of a bankruptcy order.

The OR only gets a petitioners fee of £990 when a creditor petitions. £2775 is a creditors petition administration fee and is only recovered from the realisation of assets and creditors do not have to pay this money upfront.

It is only collected if and when assets are realised.

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