From 9 March 2015 the cost to litigants in bringing civil claims before the Court will substantially increase for most claims as follows:- The fee for claims from £1 to £9,999 will remain unchanged; The fee for claims from £10,000 to £199,999 will be 5% of the value of the claim; The fee for claims […]
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On 1 March 2012 the enactment of the Extra Statutory Concessions Order came into force restricting the use of Extra Statutory Concession C16 in companies with less than £25,000 to be distributed to shareholders as capital. As a consequence, in order for shareholders to receive capital in excess of the £25,000 cap, we have seen […]
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The minimum level of debt for which a person who is owed money, can force another person into bankruptcy (the bankruptcy level) will be increased from £750 to £5,000 in October 2015. In addition the Debt Relief Order (DRO) eligibility criteria will be changed to increase the maximum debt level from £15,000 to £20,000 and […]
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