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 1^st 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