- Draft legislation
This is a draft item of legislation. This draft has since been made as a Northern Ireland Statutory Rule: The Insolvency (Monetary Limits) (Amendment) Order (Northern Ireland) 2011 No. 110
5. For the Schedule substitute—
Article 2A
Column 1 Article of Order | Column 2 Short Description | Column 3 Monetary Amount |
---|---|---|
208S(4) | Maximum amount of credit which a person in respect of whom a debt relief order is made may obtain without disclosure of his status. | £500 |
Schedule 2ZA | Monetary conditions which must be satisfied for a debt relief order to be made— | |
(a) paragraph 6(1) | (a) maximum amount of a person’s debts: | £15,000 |
(b) paragraph 7(1) | (b) maximum amount of monthly surplus income: | £50 |
(c) paragraph 8(1) | (c) maximum total value of property: | £300 |
Article 3
Column 1 Article of Order | Column 2 Short Description | Column 3 Monetary |
---|---|---|
247(1)(a) | Maximum level of unsecured bankruptcy debts on debtor’s petition for case to be referred to insolvency practitioner to assess possibility of voluntary arrangement with creditors. | £40,000 |
247(1)(b) | Minimum potential value of bankrupt’s estate for case to be referred as described above. | £4,000 |
286A(2) | Minimum value of interests in a dwelling-house for application by trustee for order for sale, possession or an order under Article 286. | £1,000 |
325(1) and (3) | Minimum amount of concealed debt, or value of property concealed or removed, determining criminal liability under the Article. | £1,000 |
329(1) | Minimum value of property taken by a bankrupt out of Northern Ireland, determining his criminal liability. | £1,000 |
331(1) | Maximum amount of credit which bankrupt may obtain without disclosure of his status. | £500 |
335(2)(d) | Minimum value of goods removed by the bankrupt, determining his liability to arrest. | £1,000” |
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