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Explanatory Memorandum to Insolvency (Northern Ireland) Order 2005

Introduction

1.The Insolvency (Northern Ireland) Order 2005 (“the Order”) was made on 7 June 2005.

2.This Explanatory Memorandum has been prepared by the Department of Enterprise, Trade and Investment (“the Department”) to assist the reader in understanding the Order. It does not form part of the Order.

3.The provisions of the Order correspond closely to the measures dealing with insolvency which are contained in the Enterprise Act 2002 (c.40), which received Royal Assent on 7 November 2002.

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