- Latest available (Revised)
- Original (As made)
The Insolvency (Monetary Limits) Order (Northern Ireland) 1991
You are here:
- 1991 No. 386
- Explanatory Note
What Version
Status:
This is the original version (as it was originally made). Northern Ireland Statutory Rules are not carried in their revised form on this site.
Explanatory Note
(This note is not part of the Order.)
This Order establishes the monetary limits for the bankruptcy provisions of the Insolvency (Northern Ireland) Order 1989 relating to:
(a)the referral of debtors who petition for their own bankruptcy to insolvency practitioners to assess whether a voluntary arrangement can be reached with creditors (Article 247(1));
(b)criminal offences committed by a bankrupt in removing or concealing property which should be delivered to the official receiver or trustee of his estate (Articles 325(1) and (3) and 329(1)), in obtaining credit without disclosing his status (Article 331(1)) and in failing to keep proper accounting records (Article 332(2)); and
(c)the power of the court to issue a warrant for the arrest of a bankrupt who removes goods without the leave of the official receiver or trustee (Article 335(2)).
Options/Help
Print Options
Print The Whole Rule
Print This Explanatory Note only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Opening Options
Different options to open legislation in order to view more content on screen at once