New Official Receiver’s fees – a message for members
05 July 2016
By Andrew Tate, R3 president
Last Friday (1st July), the government announced a number of changes to the Official Receiver’s fees regime. These changes will take effect from the 21st of July this year. The stated aim of the changes is to match the Official Receiver’s costs to the activities it carries out.
Details of the changes are here.
In short, a new suite of fees is being introduced which will replace the current Secretary of State fee and existing fees for all cases will increase where the bankruptcy order or compulsory winding up order is made after the 21st of July 2016.
R3 was not provided with the opportunity to discuss these changes with the Insolvency Service prior to them being announced. As your trade body we take any views and concerns expressed by our members very seriously. We are reviewing member feedback and comments in response to the changes announced and are assessing the impact that these changes will have on insolvency practitioners, debtors and creditors.
R3 members can provide advice on a range of business and personal finance issues. To find an R3 member who can help you, click below.