- 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 of Order
|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 of Order
|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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