Bankruptcy as at Jan 2015 must have COJ

Total Quote for Client for Bankruptcy is $5759.00 inc GST + COJ $57 (doesn't incl Process Server Costs and additional court appearances if required @ $462.00 inc GST per hearing).
Agent for Principal Form fee is $4945.00 incl GST (can increase to $5308.00 at most)

Break-up is below for your records only do not send to client (use template email)

Commence Bankruptcy proceedings:- $1,000 + GST (quote client $1200+ GST)

  1. Federal Magistrates Court Creditor’s Petition
  2. Consent of Trustee
  3. Affidavits Verifying Creditor’s Petition – our agent will charge about $30 to file the documents at Court
  4. Arranging for process server to serve all filed documents – Process server costs as incurred.

Quote Client File Docs at court $40 + GST. Process Server Costs are extra.

There is also a filing fee with the Federal Magistrates Court for $3075 Corporation (quote Client $3075)

Proceed to hearing:- $1,000 + GST (Client quote $1200 + GST)

  1. Preparation and filing of affidavits before final hearing including:
    1. Affidavit of Service of Creditor’s Petition and Affidavits
    2. Affidavit of Final Search
    3. Affidavit Verifying Debt
  2. Solicitor to attend on final hearing to obtain sequestration order against the debtor’s estate or to dismiss proceedings
  3. Prepare and lodge notices with trustee and ITSA

For extra court appearances for simple mentions, motions, adjournments, not reached/adjourned hearings $380 + GST (Quote client $501.60 incl GST).

For additional attendances including negotiations or correspondence with the other side, advising and acting on legal issues if and when they arise (eg the solvency of the debtor) – We will quote our fee as required and based on our discounted hourly rates with FMC.

Please note that your client only has 6 months from the “act of bankruptcy” to commence proceedings. The “act of bankruptcy” is 21 days after you served with debtor with the bankruptcy notice.


Substitute on Banbkruptcy Petition

Substitue Service Court Fee for Corporation is $345.00.
Obtain quote from Solicitor to do substitution.