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Creditor petitions to Increase

The Insolvency Service has recently announced their proposal to increase the cost of deposits payable on creditors’ bankruptcy and winding-up petitions which are presented on or after 1st November 2022, no word yet on Debtor petitions where deposits are at present £680

The proposal is as follows:

Bankruptcy Petition deposit increasing from £990 to £1,500

Winding-up Petition deposit increasing from £1,600 to £2,600

If the proposed changes are approved it will mean the overall fee to issue petitions (including the court fee) will be:

Bankruptcy Petitions – increase from £1,292 to £1,802

Winding-up Petitions – increase from £1,902 to £2,902

Brian & Julie Johnson

Daniel from ACS made the whole experience of going bankrupt a worry free exercise with him taking on all the tasks that daunted me. I would like to thank him sincerely for his help, support and guidance in dealing with my bankruptcy. As a consequence of his knowledge and experience it meant the the court attendance was stress free and it was certainly made easier by having him there with me.

Rod Eastell

I don’t know NOW why we were so worried about our debts. ACS took all our troubles and worries away. From speaking to Daniel for the first time he was very understanding and put our minds to rest, the service is absolutely everything they promise, in fact it is better than promised. It delivered and swiftly brought everything to a conclusion. We would certainly recommend ACS to anyone with debt problems, DON’T WORRY GET IN TOUCH WITH ACS. they will take care of everything. We can’t thank them enough.

E. Davies

Exceptional service! Since my first phone call some months ago requesting help and advice I immediately felt that cloud over me disappearing. When getting closer to my court date with companies chasing more and more, the professional service I received kept the phone calls and letters away. My day in court was basically short and sweet, just 45 minutes. Immaculate documentation was handed over and the clerk could not stop smiling with how easy it had made her job to check the form over prior to handing over to a judge to sign off (who did within minutes). Already had my telephone interview from the official receiver and as documentation was so clear and precise it took little over 10 minutes (normally around 30) to complete.