The Insolvency Regulations (Northern Ireland) 1996

  1. Introductory Text

  2. Part 1 General

    1. 1.Citation and commencement

    2. 2.Revocation

    3. 3.Interpretation and application

  3. Part 2 Winding up

    1. 4.Introductory

  4. Payments into and out of the Insolvency Account

    1. 5.Payments into the Insolvency Account

    2. 6.Local bank account and handling of funds not belonging to the company

    3. 7.Payment of disbursements etc. out of the Insolvency Account

  5. Dividends to Creditors and returns of Capital to Contributories of a Company

    1. 8.Payment

  6. Payment of interest

    1. 9.Interest

  7. Records to be maintained by Liquidators and the provision of information

    1. 10.Financial records

    2. 11.Provision of information by liquidator

    3. 12.Liquidator carrying on business

    4. 13.Retention and delivery of records

    5. 14.Provision of accounts by liquidator and audit of accounts

    6. 15.Production and inspection of records

    7. 16.Disposal of company’s books, papers and other records

    8. 17.Voluntary liquidator to provide information to Department

    9. 18.Payment of unclaimed or undistributed assets, dividends or other money on dissolution of company

  8. Part 3 Bankruptcy

    1. 19.Introductory

  9. Payments into and out of the Insolvency Account

    1. 20.Payments into the Insolvency Account

    2. 21.Local bank account and handling of funds not forming part of the bankrupt’s estate

    3. 22.Payment of disbursements etc. out of the Insolvency Account

  10. Dividends to creditors

    1. 23.Payment

  11. Payment of Interest

    1. 24.Interest

  12. Records to be maintained by Trustees and the provision of information

    1. 25.Financial records

    2. 26.Provision of information by trustee

    3. 27.Trustee carrying on business

    4. 28.Retention and delivery of records

    5. 29.Provision of accounts by trustee and audit of accounts

    6. 30.Production and inspection of records

    7. 31.Disposal of bankrupt’s books, papers and other records

    8. 32.Payment of unclaimed or undistributed assets, dividends or other money

  13. Part 4 Claiming money paid into the Insolvency Account

    1. 33.Claiming money paid into the Insolvency Account

  14. Part 5 Remuneration of Official receiver

    1. 34.Official receiver’s remuneration while acting as liquidator or trustee calculated as a percentage of the value of assets realised or distributed

    2. 35.Limits on official receiver’s remuneration as trustee

    3. 36.Official receiver’s general remuneration while acting as interim receiver, provisional liquidator, liquidator or trustee

    4. 37.Official receiver’s remuneration while acting as liquidator or provisional liquidator in respect of the realisation of property charged

  15. Part 6 Deeds of Arrangement

    1. 38.Introductory

  16. Registration of Deeds, etc.

    1. 39.Endorsement on copy of a deed of arrangement for filing

    2. 40.Execution of assignment by trustee prior to registration

    3. 41.Certificate of registration on original deed of arrangement

    4. 42.Notice by new trustee of appointment

    5. 43.Notice to registrar of order declaring deed of arrangement to be void

  17. Statements, Accounts and Records

    1. 44.Financial records

    2. 45.Trustee carrying on business

    3. 46.Audit of trustee’s accounts

    4. 47.Dividends

    5. 48.Production and inspection of records

  18. Forms

    1. 49.Forms

  19. Part 7 Transitional and Saving Provisions

    1. 50.Transitional and saving provisions

  20. Signature

  21. SCHEDULES

    1. Schedule 1

      Official receiver’s remuneration

    2. Schedule 2

      Forms

    3. Schedule 3

      Transitional and saving provisions

  22. Explanatory Note