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Insights: Insolvency practitioners

Upcoming Court Fee Increases – What You Need to Know

With court fees set to rise in April 2025, creditors will face new challenges in the debt recovery process - impacting both the cost and strategy behind pursuing outstanding debts. It is essential to understand how these changes will affect your recovery efforts and how to adapt debt recovery processes moving forward.

Changes to Fixed Recoverable Costs

What Are Fixed Recoverable Costs? Fixed Recoverable Costs (“FRC”) are the fixed amount of legal costs which the successful party…

Confirmed increases to official receiver deposits

The Insolvency Service announced on the 5th September that it would be increasing the Official Receiver's Deposit on all creditor instigated bankruptcy and compulsory liquidation proceedings.

Expiry of winding up restrictions

After a very long wait for creditors during a difficult economic period, the restrictions placed on Winding Up actions, introduced in response to the Covid-19 pandemic, have expired on 31 March 2022.

Corporate insolvencies update

With restrictions now eased we are perhaps beginning to see the cost and effect of the pandemic on businesses starting to emerge, with the total number of corporate insolvencies now back at levels similar to those we saw pre-pandemic.