Q&As

Does costs budgeting apply in respect of an application by a trustee in bankruptcy seeking possession and sale of a bankrupt’s property? If so, at what point in the proceedings do the parties have to produce costs budgets?

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Produced in partnership with Chris Adams of Gosschalks
Published on: 07 March 2018

It is assumed that this Q&A is referring to the general Costs management provisions in CPR 3 and CPR PD3E.

See Practice Notes: Costs management and costs budgeting—general principles and Costs budgeting—courts' approach.

The general rule contained in CPR 3.13 is that unless the court otherwise orders, all parties (except litigants in person) must file and exchange budgets:

  1. •

    where the stated value of the claim on the claim form is less than £50,000, with their directions questionnaires, or

  2. •

    in any other

Chris Adams
Chris Adams

Gosschalks

Chris is an associate in the Restructuring and Insolvency team at Gosschalks Solicitors specialising in both contentious and non-contentious insolvency. Chris is regularly instructed by Liquidators, Administrators, Supervisors of Voluntary Arrangements, Trustees in Bankruptcy and LPA Receivers ' as well as banks enforcing their securities. He has particular expertise in office holder claims, such as:- ' Breach of duty/fiduciary duty claims; ' Preference; ' Wrongful and fraudulent trading; and ' Transactions at an undervalue. Chris also specialises in banking situations together with complex and high value director and shareholder disputes. Chris' clients include Begbies Traynor LLP ' RSM, Kingsbridge Corporate Solutions, Wilson Field, KPMG and Grant Thornton.

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Jurisdiction(s):
United Kingdom
Key definition:
Costs definition
What does Costs mean?

Money ordered to be paid by one party to another in respect of the costs incurred in the course of litigation, in bringing or defending a claim.

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