Changes to creditor bankruptcy and compulsory liquidation petition deposit: The Insolvency Proceedings (Fees) (Amendment) Order 2022

Jonathan Gorman, Associate in the Russell-Cooke Solicitors, restructuring and insolvency team.
Jonathan Gorman
1 min Read

On 1 November 2022 the deposit for a creditor’s bankruptcy petition will increase from £990 to £1,500, and the deposit for a company winding-up petition will increase from £1,600 to £2,600.

The Insolvency Service has advised that these changes are a combination of fees having not been increased since 2016 together with a historically low level of insolvency case numbers over the last few years.

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There will be no change to the adjudicator petition deposit where an individual applies for their own bankruptcy.

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