Insolvency Act 1976

PART I Increases

The [1913 c. 20.] Bankruptcy (Scotland) Act 1913
Section 12	Minimum debt to support petition for sequestration.	£200
Section 79	Maximum amount which trustee can retain without banking.	£100
Section 118(1)(b) and (c).	Maximum sum in respect of wages or salary ranking as preferential debt in division of bankrupt's estate.	£800
Sections 174 and 175(6).	Maximum value of debtor's assets for summary sequestration.	£4,000
Section 175(1)	Minimum value of creditor's claim to support petition for summary sequestration.	£120
Section 178(A)(6)	Maximum indebtedness for exemption of bankrupt from criminal liability where he has failed to keep books of account.	£2,500
Section 178(B)(4)	Maximum value of property bankrupt may take away without incurring criminal liability.	£250
Section 182	Offence by undischarged bankrupt of obtaining credit confined to cases where value of credit exceeds a minimum amount.	£50
The [1914 c. 59.] Bankruptcy Act 1914
Section 4(1)(a)	Minimum debt to support bankruptcy petition.	£200
Section 23(1)(c)	Maximum value of goods debtor may remove without leave.	£60
Section 33(1)(b) and (c)	Maximum sum in respect of wages or salary ranking as preferential debt in bankruptcy.	£800
Section 38(2)	Maximum value of bankrupt's necessary goods exempt from division among creditors.	£250
Section 41(2)	Minimum amount of judgment debt in respect of which sheriff is required to retain proceeds of execution.	£250
Section 50(3)	Maximum salary payable to curate where benefice is sequestrated.	£800
Section 84	Charge for supplying list of creditors	£0.35
Section 89(5)	Maximum amount which trustee can retain without banking.	£100
Section 105(1)	Maximum amount for jurisdiction of county court.	£2,000
Section 129	Maximum value of debtor's estate for summary administration.	£4,000
Section 154(1), paragraphs (4) and (5).	Offence by bankrupt of concealing or removing property confined to cases where value of property exceeds a minimum amount.	£120
Section 155(a)	Offence by undischarged bankrupt of obtaining credit confined to cases where value of credit exceeds a minimum amount.	£50
Section 158(1) proviso (a).	Maximum unsecured liabilities for exemption of bankrupt from criminal liability where he has failed to keep books of account— in case of person who has not previously been adjudged bankrupt or made a composition or arrangement with his creditors	£6,000
	in any other case	£1,200
Section 159	Maximum value of property bankrupt may remove without incurring criminal liability.	£250
The [1944 c. 15.] Reinstatement in Civil Employment Act 1944
Section 18(4)	Maximum amount of compensation ranking as preferential debt in division of bankrupt's estate.	£800
The [1948 c. 38.] Companies Act 1948
Section 218(3)	Maximum share capital for winding up jurisdiction of county court.	£120,000
Section 220(3)	Maximum share capital for winding up jurisdiction of sheriff court.	£120,000
Section 223(a)	Minimum debt for service of statutory demand.	£200
Section 248(2)	Maximum amount which liquidator can retain without banking.	£100
Section 319(2)	Maximum sum in respect of wages or salary etc. ranking as preferential debt in winding up.	£800
Section 326(2)	Minimum amount of judgment debt in respect of which sheriff required to retain proceeds of execution.	£250
Section 328(1)(d) and (e).	Offence by past or present officer of company of concealing or removing property of company confined to cases where value of property exceeds a minimum amount.	£120
Section 399(6)(a)	Minimum debt for service of statutory demand in case of unregistered company.	£200
The [1965 c. 2.] Administration of Justice Act 1965
Section 20(3)(b)	Minimum debt for presentation of bankruptcy petition where administration order has been made.	£400