Article 3
SCHEDULEMonetary limits for purposes of Part IX of the Insolvency (Northern Ireland) Order 1989
| Column 1 Article of the Order | Column 2 Short Description | Column 3 Monetary Limit |
|---|---|---|
| 247(1)(a) | Maximum level of unsecured bankruptcy debts on debtor’s petition for case to be referred to insolvency practitioner to assess the possibility of voluntary arrangement with creditors. | £20,000 |
| 247(1)(b) | Minimum potential value of bankrupt’s estate for case to be referred as described above. | £2,000 |
| 325(1)and(3) | Minimum amount of concealed debt, or value of property concealed or removed, determining criminal liability under the Article. | £500 |
| 329(1) | Minimum value of property taken by a bankrupt out of Northern Ireland determining his criminal liability. | £500 |
| 333(1) | Maximum amount of credit which bankrupt may obtain without disclosure of his status. | £250 |
| 332(2) | Exemption of bankrupt from criminal liability for failure to keep proper accountancy records, if unsecured liabilities not more than the prescribed minimum. | £20,000 |
| 335(2)(d) | Minimum value of goods removed by the bankrupt, determining his liability to arrest. | £500 |