Citation and commencement
1. This Order may be cited as the Insolvency (Northern Ireland) Order 1989 (Amendment) Order (Northern Ireland) 2016 and shall come into operation on the day after the day on which it is affirmed by resolution of the Assembly.
Amendment to the Insolvency (Northern Ireland) Order 1989
2. In Article 241(3) of the Insolvency (Northern Ireland) Order 1989 (grounds of creditor’s petition) for “£750” substitute “£5,000”.
Transitional Provision
3. The amendments made by this Order apply only to petitions presented on or after the day on which this Order comes into operation.
Sealed with the Official Seal of the Department for the Economy on 29th September 2016
Wendy Johnston
A senior officer of the Department for the Economy