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BERMUDA STATUTORY
INSTRUMENT
BR 32/1990
BANKRUPTCY FEES
ORDER 1990
[made under
section 121(1) of the Bankruptcy Act 1989 [title 8 item 49] and brought into
operation on11 May 1990]
ARRANGEMENT OF
PARAGRAPHS
1 Citation
2 Interpretation
3 Fees and percentages
4 Manner fees to be taken
5 Question arising as to payment
6 Revocation
SCHEDULE
The Chief Justice,
after consultation with the Minister of fi nance, in exercise of the powers
conferred upon him by section 121(1)
of the Bankruptcy Act 1989 [title 8 item 49] hereby makes the
following Order:
Citation
1 This Order may be cited as the
Bankruptcy Fees Order 1990.
Interpretation
2 In this Order, unless the context
otherwise requires
(a) a rule or form referred to by number means the
rule or form so numbered in the Bankruptcy Rules 1990 [title 8 item 49(a)];
(b) Table A and Table B means respectively Table A
and Table B in the Schedule to this Order;
(c) a fee referred to by number means the fee so
numbered in the Schedule to this Order.
Fees and
percentages
3 (1) The
fees and percentages to be charged for and in respect of proceedings in
bankruptcy are those set out in Tables A and B.
(2) Where any matter or thing not provided for
under this Or der is required to be done the fees or percentages to be charged
for the
doing of such matter or thing shall be those charged for such matter or
thing by the rules in force in the Supreme Court.
Manner fees to
be taken
4 (1) Fees
numbered 3, 4, 5, 6, 8, 9, 10 and 11 in Table B shall be taken by adhesive
stamps and other fees shall be taken in cash.
(2) An adhesive stamp denoting payment of a fee
shall be an adhesive stamp on which the word "Bankruptcy" or
"Insolvency"
has been printed.
(3) When a fee is paid to an officer of the
Court, the person paying the fee shall inform the officer that the fee relates
to a proceeding
in bankruptcy.
Question
arising as to payment
5 If any question arises with regard to
the payment of any fee, the Registrar or the Official Receiver may report the
matter to the
Chief Justice and obtain his directions thereon.
Revocation
6 Any fees Order that is in force before
the coming into operation of this Order is revoked save as to any fee or
percentage due or
payable before the coming into operation of this Order.
SCHEDULE Sections 3, 4
TABLE A
|
No. of Fee |
|
|
|
|
|
$ |
|
1 |
On filing a declaration by a debtor of inability to pay
his debts |
|
|
2 |
On issuing a bankruptcy notice |
25.00 |
|
3 |
On presenting a bankruptcy petition |
|
|
|
(a) if presented by a debtor or, under section
118 of the Act, by the personal represen tative of a deceased debtor |
|
|
|
(b) if presented by a creditor |
50.00 |
|
|
Where on the presentation of a petition by a
debtor the Official Receiver gives a certificate that there is reasonable
ground
for believing that the assets are sufficient to meet the expenses of
ad ministration, this fee shall not be charged. |
|
|
4 |
On sealing a receiving order under section 100 of the Act |
|
|
5 |
On sealing an order dismissing a petition or granting
leave to withdraw a petition |
|
|
6 |
On sealing an order adjourning a petition |
15.00 |
|
7 |
On sealing a vesting order under section 56 of the Act |
|
|
8 |
On an application for annulment of adjudication or
rescission of a receiving order on the ground that the debts have been paid
in full |
|
|
|
One fee only shall be charged when annulment
and rescission are the subject of one application. |
|
|
9 |
On an application for an order of discharge in re spect
of each debtor covered by the applica tion |
|
|
|
This fee is payable on an application to
review an order of discharge or to review the refusal of an order of
discharge. |
|
|
10 |
On an application for leave to act as director or take
part in the management of a company |
|
|
11 |
On an application for search other than by peti tioner,
trustee, bankrupt, or any officer of the Court |
|
|
12 |
On an application to the Court, except by the Of ficial
Receiver when applying only in his ca pacity of Official Receiver and not
as
trustee |
|
|
13 |
On an application to the Court to approve a com position,
a fee computed at the following rate on the gross amount of the composition |
|
|
|
(a) does not exceed
$25,000 |
25.00 |
|
|
(b) exceeds $25,000
but does not exceed $50,000 |
|
|
|
(c) exceeds $50,000
but does not exceed $200,000 |
|
|
|
(d) exceeds $200,000 |
250.00 |
|
15 |
On setting down a motion for hearing before a Judge
sitting in bankruptcy |
|
|
|
This fee does not relate to the hearing of an
appli cation to which anyone of Fees Nos. 8, 9, 10, 13 and 14 of Table A
relates. |
|
|
16 |
(a) On filing
an order |
15.00 |
|
|
This fee is not payable |
|
|
|
(i) on an order
made on the application of an Official Receiver when applying only in his
capacity of Official Receiver and not
as trustee; |
|
|
|
(ii) on an order
made on an application to which any one of Fees Nos. 8, 9, 10, 13 and 14 of
Table A relates; or |
|
|
|
(iii) on an order to
which any one of Fees Nos. 4, 5, 6 and 7 of Table A relates. |
|
|
|
(b) On
application for judgment summonses under section 100 of the Act |
|
|
17 |
On the issue of a subpoena |
15.00 |
|
18 |
On the issue of a summons under section 29 of the Act |
|
|
19 |
On the certification of a list of proofs under rule 229 |
|
|
|
(a) for the first 50
proofs in each bankruptcy |
15.00 |
|
|
(b) for every
additional 50 proofs (or fraction of 50) |
|
|
|
This fee is not payable for certifying lists in re spect
of separate estates in the same bank ruptcy. |
|
|
|
On each subsequent certification of a list of proofs |
|
|
20 |
On the taxation of a bill [sic] costs if contested |
|
|
|
(a) On a bill of
costs |
15.00 |
|
|
(b) On a bill of
costs where taxation is non-contentious |
|
|
|
(c) On a bill of
costs where taxation is contentious |
|
|
|
(d) On review of a
bill of costs by a Judge |
100.00 |
|
21 |
For a photographic copy of all or part of any document,
whether or not issued as an office copy, for each photographic sheet |
|
|
22 |
For a typewritten copy of any document, per page |
7.50 |
|
23 |
For examining a plain copy and marking the same as an
office copy, for each sheet |
|
|
24 |
On filing a bond |
25.00 |
|
25 |
For taking an affidavit or an affirmation or a dec laration,
except for proofs of debt and except a declaration by a shorthand
writer
under rule 56 (Forms 72 and 73) |
|
|
|
(a) for each person
making the same |
5.00 |
|
|
(b) in addition, for
each exhibit or schedule therein referred to and required to be marked |
|
|
26 |
For every receiving order made on a debtor's pe tition,
where the fee on the petition has been dispensed with in pursuance of the
Official Receiver's certificate as to sufficiency of assets |
|
|
27 |
For every order of administration made on trans fer of
proceedings under section 118(3) of the Act |
|
|
28 |
On a request for service of |
|
|
|
(i) a bankruptcy
notice, bankruptcy petition or subpoena, or an order not serviceable by post |
|
|
|
(ii) an order serviceable
by post |
5.00 |
|
29 |
For issuing an order of commitment under the Debtors Act
1973 [title 8 item 47] or a search
warrant or a warrant of seizure, apprehension or committal under the Act |
|
TABLE B
|
No. of Fee |
|
|
|
|
|
$ |
|
1 |
On an application for an order of discharge |
50.00 |
|
|
This fee is payable on an application to
review an order of discharge or to review the refusal or an order of
discharge |
|
|
2 |
On an application to the Official Receiver to ap point a
special manager or to carry on the business of a debtor |
|
|
3 |
In respect of each item of business contained in an
application by a trustee to Court or to the Official Receiver acting as a
committee of in spection under section 24(17) of the Act or rule 298 |
|
|
4 |
On an application to the Minister of Finance un der
section 132 of the Act for payment out of the Consolidated Fund |
|
|
5 |
On filing a bond |
25.00 |
|
6 |
On an application for search other than by peti tioner,
trustee, bankrupt or any officer of the court |
|
|
7 |
For taking an affidavit or an affirmation or decla ration,
except for proofs of debt |
|
|
|
(a) for each person
making the same |
5.00 |
|
|
(b) in addition, for
each exhibit or schedule therein referred to and required to be marked |
|
|
8 |
On the insertion in the Gazette of a notice authorized by
the Act or the Rules made thereunder |
|
|
9 |
On |
|
|
|
(a) the amount
brought to credit by the Official Receiver whether acting as interim receiver
or trustee, after deducting any sum
paid to secured creditors in respect of
their securities and any sums spent out of the money received by a special
manager
in carrying on the business of the debtor, and |
|
|
|
(b) the amount
brought to credit by the Official Receiver when acting as trustee to
administer a debtor's property under a composition
or scheme, after deducting
any sums paid to secured creditors in re spect of their securities and any
sums spent in carrying
on the business of the debtor, a fee of |
|
|
10 |
On the amount distributed to creditors by the Of ficial
Receiver when acting as trustee or trus tee under a composition half
of the
fee pre scribed for that amount under Fee No. 9 of Table B. |
|
|
11 |
For all official stationery, printing, postage and telephones
including notices to creditors of meetings and sitting of the Court
and room
hire |
|
|
|
(a) for a number of
creditors not exceeding 25 |
100.00 |
|
|
(b) for every
additional 10 creditors or part thereof |
|
|
|
This fee does not include the charge which may
be made by the Official Receiver or trustee on calling a meeting at the
request
of creditors, for which provision is made in rule 219. |
|
|
12 |
Where the Official Receiver supervises a special manager
or the carrying on of a debtor's busi ness and the estimated assets exceed
$500, a fee of |
|
|
13 |
For reasonable expenses of the Official Receiver |
50.00 |
|
14 |
At the due date for trustees (including the Official
Receiver when he is trustee) sending accounts of their receipts and payments
as trustee to the Court under section 91 of the Act, a fee of |
|
|
|
Provided that where a fee has been taken under Table A on
an application to approve a composition or scheme of arrangement,
seven-eighths of the amount paid under Fee No. 13 or 14 of Table A shall be
deducted from this fee. |
|
|
15 |
Where the Official Receiver acts as interim re ceiver
pending the appointment of a trustee and the receiving order is rescinded
on
the ground that it ought not to have been made or where the Official Receiver
acts both as in terim receiver and as trustee
and the order of adjudication
is annulled on the ground that it ought not to have been made, such amount as
the Court may consider
reasonable to be paid by the petitioning creditor or
by the debtor as the Court may direct, in respect of the services of the
Official Receiver as interim receiver or trustee. |
|
|
16 |
Where the Official Receiver acts as interim re ceiver
pending the appointment of a trustee and the receiving order is rescinded
on
the ground that it has been proved to the satis faction of the Court that the
debts of the debtor will be paid in full |
|
|
|
(a) where the amount
required to pay the debts and the costs, fees and expenses of the pro ceedings
as reported by the Official
Receiver is distributed by him and is, or could
be, pro vided from money or property belonging to the debtor, or by the sale
or charge of his prop erty, the fees prescribed in Fees Nos. 9, 10 and 14 of
Table B; |
|
|
|
(b) where the amount
required to pay the debts and the costs, fees and expenses of the pro ceedings
as reported by the Official
Receiver is paid by a third party to the Official
Receiver for distribution to the creditors and the Official Receiver so
distributes
it, the fees prescribed in Fees Nos. 10 and 14 of Table B; |
|
|
|
(c) where the money
belonging to the debtor or the sum which is, or could be, realised by the
sale or charge of his property is
insufficient to pay the amount required to
pay the debts and the costs, fees and expenses of the proceed ings as
reported by
the Official Receiver and the amount, or balance, required is
paid by a third party to the Official Receiver for distri bution
to the
creditors and is so distributed, then the fees prescribed in (a) and (b)
above shall each apply to the extent to which
they are appropriate; |
|
|
|
(d) where the amount
required to pay the debts as reported by the Official Receiver is distrib uted
to unsecured creditors outside
the pro ceedings with money provided by a
third party, the fee prescribed in Fee No. 14 and half the fee prescribed in
Fee
No. 10 of Table B. |
|
|
17 |
Where the Official Receiver performs any duty not
provided for in this Table, such amount as the Court, on the application of
the Official Re ceiver, may consider reasonable. |
|
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