Fee Schedule - Official Receiver

The Official Receiver in Insolvency deals with Licensing & Supervision of Insolvency Practitioners, administration & supervision of Bankruptcy of Natural persons & Administration and Liquidation of Companies. The office carries out the functions under the Insolvency Act, No. 18 of 2015 and Bankruptcy Act (Cap 53 Laws of Kenya (repealed)) and Companies Act (Cap 486 Laws of Kenya (repealed)) respectively.

SERVICES OFFERED.

REQUIREMENTS

CHARGES

(KSHS)

TIME LINE.

Issuance of Compliance Certificate for Debtor’s Petition in Bankruptcy

·   FORM NO. 9

·   FORM NO. 10

·   FORM NO. 11

·   FORM NO. 8

  30,000

1 Day

Issuance of Compliance Certificate for Creditor’s Petition in Bankruptcy

·   FORM NO. 3

·   FORM NO. 4

·   FORM NO. 5

·   FORM NO. 9

·   FORM NO. 6

  50,000

1 Day

Gazettement of Order appointing the Official Receiver

 

(From the petitioner or the Deputy Registrar of the Court that made the order)

·   FORM NO. 13

·   FORM NO. 14

Paid from the amount deposited according to the printer’s rates.

Gazette within 30 days after issuance

 

·   FORM NO. 32G

·   FORM NO. 32F

·   FORM NO. 37

·   FORM NO. 35

Holding 1st Creditors Meetings.

·   Debtor’s presence is mandatory

Nil

 

Within 30 days after issuance of Bankruptcy order.

·   Creditors to File Proof of Debt Forms.

500

Public Examination.

·   Attendance of debtor and creditors in court.

Nil

Determined by the Court.

Supervising Bankrupt/No Asset Procedure/Summary Installment orders.

·   The applicants are expected to fully comply with the insolvency Act

·   FORM NO. 20

Nil

Every 3 Months.

Application for Insolvency Practitioners

·   Applicants to fill FORM NO. 1 and supply all the requisite documents.  

 50,000

5 days

 

 

Supervising the Bankrupt.

·   The Debtor/Bankrupt reports to Official Receiver after every three months.

 

Fees as per remuneration order after discharge

Within every Three Months.

Gazettement of Insolvency Practitioners

 

·   The Official Receiver will keep updating the register

As per the printer’s rate

Annual

 

Perusal of file

·   The customer to provide an official request.

  200 per file

I day

Inspection of Documents

·   The customer to provide an official request

  200 per file

1 day

Request for certified copies

(The customer to provide an Official request)

·         Public register of Bankrupts / No Asset Procedure / Summary Instalment Order

1,000

1 day

·         Other documents

500 per page

Application for admission to the No asset procedure

·   FORM NO. 12

·   FORM NO. 28

·   FORM NO. 9

15,000

Subject to creditors objection

Application summary Installment orders

·      FORM NO. 24

·         FORM NO. 9

·         FORM NO. 12

20,000

 

Subject to creditors objection

Application for list of Insolvency practitioners

·   Official Request by clients.

500

1 day

Application for Individual Voluntary Arrangement of natural persons

·   FORM NO. 8

·   FORM NO.10 (amended)

·   FORM NO. 11

·   FORM NO. 23A

·   Debtor’s proposal

30,000

Subject to approval by creditors

Appointment of a Liquidator by Court

Official Receiver

·   FORM NO. 32G

·   FORM NO. 32F

·   FORM NO. 32

 

Subject to co-operation of parties

Insolvency Practitioner

·   FORM NO. 32G

·   FORM NO. 32F

10,000

Application for Administration through Court

·   FORM NO. 32

·   FORM NO. 32D

·   FORM NO. 36

 

40,000

1 hour

Appointment of an administrator

Official Receiver

·   FORM NO. 35

·   FORM NO. 36

·   FORM NO. 37

 

Within 1 year of appointment

Insolvency Practitioner

  10,000

1 day

Application for Members Voluntary Liquidation

·   FORM NO. 32A

·   FORM NO. 32B

·   FORM NO. 32

Based on the value of subject matter.

On the first Kshs. 1,000,000/= pay Kshs. 100,000/=

10% on the balance thereafter.

Within 1 year of appointment

Application for Creditors Voluntary Liquidation

·         FORM NO. 32A

·         FORM NO. 32B

 

 

Based on the value of subject matter.

On the first Kshs. 1,000,000/= pay

Kshs. 150,000/=

10% on the balance thereafter.

 

Application for Company Voluntary Arrangement

·         FORM NO. 32

·         FORM NO. 32C (amended)

·         FORM NO. 32D

·         Directors’ proposal

40,000

Subject to approval by creditors

Filing of an appointment of a proxy

·         FORM NO. 17

 1,000

1 day

Appointment of an Insolvency Practitioner as liquidator under Voluntary Liquidation

Members Voluntary Liquidation

·         FORM NO. 32

·         FORM NO. 32A

·         FORM NO. 32B

 10,000

1 day

Creditors’ Voluntary Liquidation

·         Notice of Creditors’ meeting.

·         Minutes of the meeting.

·         Resolution for liquidation

Issuance of a Certificate of Compliance for a Liquidation Petition

Member’s petition (director & shareholders)

·         FORM NO. 32C

·         FORM NO. 32D

·         FORM NO. 32

  40,000

1 day

Creditor’s petition

·         FORM NO. 32C

·         FORM NO. 32D

·         FORM NO. 32E

Objections

No Asset Procedure

·         Reply to Official Receiver’s notice to creditors.

Nil

1 day

Summary Instalment Order

·         FORM NO. 25

4,000

Requesting for and Receiving the statements of affairs

·         Filled statements of financial position

2000

14 days after the order

Declaration of the dividends

·   Proof of debt forms.

·   Official receiver’s calculated accounts. (FORM NO. 32J, 32K)

Nil

Determined by the court

Application for release of the official receiver.

Bankruptcy Trustee

·         FORM NO. 16

·         FORM NO. 15

·         FORM NO. 21

·         FORM NO. 22

·         FORM NO. 22A

Nil

Determined by the Court.

Liquidator

·         FORM NO. 32L

·         FORM NO. 32K

·         FORM NO. 32H

·         FORM NO. 33

·         FORM NO. 34

 


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