Briefings
13 October 2022
Changes to creditor bankruptcy and compulsory liquidation petition deposit: The Insolvency Proceedings (Fees) (Amendment) Order 2022
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.
Click here to read more.
There will be no change to the adjudicator petition deposit where an individual applies for their own bankruptcy.