Friday, January 13, 2017

Annulments and SoS fees – great news!

Before Christmas we Blogged a few times about the Insolvency Service charging SoS fees in annulments even where third party monies were being used to pay the bankrupt’s debts.  Our last Article, which you here indicated that His Honour Judge Behrens had reserved judgement on a High Court case dealing with this issue.  We have just received the judgment and as promised are sharing the result with you.  Great news, the Judge agreed that the Insolvency Service were wrong, and where an annulment is being paid using third party funds rather than funds from assets realised by the trustee, then SoS fees are not chargeable.

A copy of the judgement follows: