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The Insolvency Regulations (Northern Ireland) 1996
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- 1996 No. 574
- Payment of Interest
- Regulation 24
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Interest
24. Whenever the cash balance standing to the credit of a bankrupt in the Insolvency Account on or after 31st January 1997 exceeds £2,000, the Department shall pay into the Insolvency Account to the credit of the bankrupt interest on the excess at the rate of 3.5 per cent. per annum.
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