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Increase in Official Receivers Deposits for Bankruptcy Actions

Increase in Official Receivers Deposits for Bankruptcy Actions

Solicitors acting for Petitioning Creditors should note that the Insolvency Creditor Deposit Fee (Official Receivers Deposit) is increasing from £700 to £750 from 6th April 2014 and therefore a total payment of £970 will be required when issuing a Bankruptcy Petition.

The court issue fee remains at £220.  Most local courts also charge £45.00 to undertake the required bankruptcy search. 

Please note that in addition to process serving Tremark are able to undertake Pre-Bankruptcy searches in person at the Royal Courts of Justice for £35 and we also offer a court issue service. Click here for further details.

About The Author

Mark Hodgson is the Managing Director of Tremark Associates, one of the UK’s leading providers of investigative services. Mark has 30 years experience in private Investigations and the commercial debt recovery industries. He is Vice President of the Association of British Investigators, a member of the World Association of Detectives, The Institute of Credit Management and an associate member of R3 -The Association of Business Recovery Profession.