Explanatory Memorandum

Insolvency (Northern Ireland) Order 2005

2005 No. 1455

Commentary on Provisions

Article 28: Insolvency Account: adjustment of balances

Article 28 inserts a new Article 358A into the Insolvency (NI) Order 1989  which allows for adjusting payments to be made between the Insolvency Account  and the Consolidated Fund.