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The Insolvency (Northern Ireland) Order 1989

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  1. Introductory Text

  2. PART I INTRODUCTORY

    1. 1.Title and commencement

    2. 2.General interpretation

    3. 2A. Proceedings under EC Regulation: modified definition of property

    4. 3.“Act as insolvency practitioner”

    5. 4.“Associate”

    6. Interpretation for Parts II to VII

      1. 5.Interpretation

      2. 6.“Insolvency” and“go into liquidation”

      3. 7.“Connected with a company”

      4. 8.“Member of a company”

    7. Parts 7A to 10

      1. 9.Interpretation

      2. 10.“Security”, etc.

      3. 11.“Bankrupt's estate”

    8. Interpretation for this Order . . .

      1. 12.“Receiver or manager”

      2. 13.“Contributory”

  3. PARTS II TO VII COMPANY INSOLVENCY; COMPANIES WINDING UP

  4. PART II COMPANY VOLUNTARY ARRANGEMENTS

    1. The proposal

      1. 14.Those who may propose an arrangement

      2. 14A. Moratorium

      3. 15.Procedure where nominee is not the liquidator or administrator

      4. 16.Summoning of meetings

    2. Consideration and implementation of proposal

      1. 17.Decisions of meetings

      2. 17A. Approval of arrangement

      3. 18.Effect of approval

      4. 19.Challenge of decisions

      5. 19A. False representations, etc.

      6. 20.Implementation of proposal

      7. 20A. Prosecution of delinquent officers of company

      8. 20B.Arrangements coming to an end prematurely

  5. PART III ADMINISTRATION

    1. 21.Administration

  6. PART III ADMINISTRATION ORDERS

    1. Making, etc., of administration order

      1. 22.Application for order

      2. 23.Effect of application

      3. 24.Effect of order

      4. 25.Notification of order

    2. Administrators

      1. 26.Appointment of administrator

      2. 27.General powers

      3. 28.Power to deal with charged property, etc.

      4. 29.General duties

      5. 30.Discharge or variation of administration order

      6. 31.Vacation of office

      7. 32.Release of administrator

    3. Ascertainment and investigation of company's affairs

      1. 33.Information to be given by administrator

      2. 34.Statement of affairs to be submitted to administrator

    4. Administrator's proposals

      1. 35.Statement of proposals

      2. 36.Consideration of proposals by creditors' meeting

      3. 37.Approval of substantial revisions

    5. Miscellaneous

      1. 38.Creditors' committee

      2. 39.Protection of interests of creditors and members

  7. PART IV RECEIVERSHIPRECEIVERS AND MANAGERS

    1. General Provisions

      1. 39A.Meaning of “company”

      2. 40.Disqualification of body corporate from acting as receiver

      3. 41.Disqualification of bankrupt or person in respect of whom a debt relief order is made

      4. 42.Power of High Court to appoint official receiver

    2. Receivers and managers appointed out of court

      1. 43.Time from which appointment is effective

      2. 44.Liability for invalid appointment

      3. 45.Application to High Court for directions

      4. 46.Power of High Court to fix remuneration

      5. 47.Liability for contracts, etc.

      6. 48.Receivership accounts to be delivered to registrar

    3. Provisions applicable to every receivership

      1. 49.Notification that receiver or manager appointed

      2. 50.Payment of debts out of assets subject to floating charge

      3. 51.Enforcement of duty to make returns

    4. Administrative receivers: general

      1. 52.General powers

      2. 53.Power to dispose of charged property, etc.

      3. 54.Agency and liability for contracts

      4. 55.Vacation of office

    5. Administrative receivers: ascertainment and investigation of company's affairs

      1. 56.Information to be given by administrative receiver

      2. 57.Statement of affairs to be submitted

      3. 58.Report by administrative receiver

      4. 59.Committee of creditors

    6. Prohibition of appointment of administrative receiver

      1. 59A.Floating charge holder not to appoint administrative receiver

      2. 59B.First exception: capital market

      3. 59C.Second exception: public-private partnership

      4. 59D.Third exception: utilities

      5. 59E.Fourth exception: urban regeneration projects

      6. 59F.Fifth exception: project finance

      7. 59G.Sixth exception: financial market

      8. 59H.Seventh exception: registered housing association

      9. 59I.Eighth exception: licence companies

      10. 59J.Articles 59A to 59I: supplementary

  8. PART V WINDING UP OF COMPANIES REGISTERED UNDER the Companies Act 2006

    1. CHAPTER I PRELIMINARY

      1. Introductory

        1. 60.Scheme of this Part

      2. Contributories

        1. 61.Liability as contributories of present and past members

        2. 62.Directors with unlimited liability

        3. 63.Liability of past directors and shareholders

        4. 64.Limited company formerly unlimited

        5. 65.Unlimited company formerly limited

        6. 66.Nature of contributory's liability

        7. 67.Contributories in case of death of a member

        8. 68.Effect of contributory's bankruptcy

        9. 69.Companies registered but not formed under the Companies Act 2006

    2. CHAPTER II VOLUNTARY WINDING UP (INTRODUCTORY AND GENERAL)

      1. Resolutions for, and commencement of, voluntary winding up

        1. 70.Circumstances in which company may be wound up voluntarily

        2. 71.Notice of resolution to wind up voluntarily

        3. 72.Commencement of voluntary winding up

      2. Consequences of resolution to wind up

        1. 73.Effect on business and status of company

        2. 74.Avoidance of share transfers, etc., after winding‐up resolution

      3. Declaration of solvency

        1. 75.Statutory declaration of solvency

        2. 76.Distinction between “members'” and “creditors'” voluntary winding up

    3. CHAPTER III MEMBERS' VOLUNTARY WINDING UP

      1. 77.Appointment of liquidator

      2. 78.Power to fill vacancy in office of liquidator

      3. 79.General company meeting at each year's end

      4. 80.Final meeting prior to dissolution

      5. 81.Effect of company's insolvency

      6. 82.Conversion to creditors' voluntary winding up

    4. CHAPTER IV CREDITORS' VOLUNTARY WINDING UP

      1. 83.Application of this Chapter

      2. 84.Meeting of creditors

      3. 85.Directors to lay statement of affairs before creditors

      4. 86.Appointment of liquidator

      5. 87.Appointment of liquidation committee

      6. 88.Creditors' meeting where winding up converted under Article 82

      7. 89.Cesser of directors' powers

      8. 90.Vacancy in office of liquidator

      9. 91.Meetings of company and creditors at each year's end

      10. 92.Final meeting prior to dissolution

    5. CHAPTER V PROVISIONS APPLYING TO BOTH KINDS OF VOLUNTARY WINDING UP

      1. 93.Distribution of company's property

      2. 94.Appointment or removal of liquidator by the High Court

      3. 95.Notice by liquidator of his appointment

      4. 96.Acceptance of shares, etc., as consideration for sale of company's property

      5. 97.Dissent from arrangement under Article 96

      6. 98.Reference of questions to the High Court

      7. 99.No liquidator appointed or nominated by company

      8. 100.Expenses of voluntary winding up

      9. 101.Saving for certain rights

    6. CHAPTER VI WINDING UP BY THE HIGH COURT

      1. Grounds and effect of winding‐up petition

        1. 102.Circumstances in which company may be wound up by the High Court

        2. 103.Definition of inability to pay debts; the statutory demand

        3. 104.Application for winding up

        4. 104A. Petition for winding up on grounds of public interest

        5. 104B. Petition for winding up of SE

        6. 104C.Petition for winding up of SCE

        7. 105.Powers of High Court on hearing of petition

        8. 106.Power to stay or restrain proceedings against company

        9. 107.Avoidance of property dispositions, etc.

        10. 108.Avoidance of sequestration or distress

      2. Commencement of winding up

        1. 109.Commencement of winding up by the High Court

        2. 110.Consequences of winding‐up order

      3. Investigation procedures

        1. 111.Company's statement of affairs

        2. 112.Investigation by official receiver

        3. 113.Public examination of officers

        4. 114.Enforcement of Article 113

      4. Appointment of liquidator

        1. 115.Appointment and powers of provisional liquidator

        2. 116.Functions of official receiver in relation to office of liquidator

        3. 117.Appointment by Department

        4. 118.Choice of liquidator at meetings of creditors and contributories

        5. 119.Appointment by the High Court following administration or voluntary arrangement

      5. Liquidation committees

        1. 120.Liquidation committee

      6. The liquidator's functions

        1. 121.General functions in winding up by the High Court

        2. 122.Custody of company's property

        3. 123.Vesting of company property in liquidator

        4. 124.Duty to summon final meeting

      7. General powers of High Court

        1. 125.Power to stay winding up

        2. 126.Settlement of list of contributories and application of assets

        3. 127.Debts due from contributory to company

        4. 128.Power to make calls

        5. 129.Payment into bank of money due to company

        6. 130.Order on contributory to be conclusive evidence

        7. 131.Power to exclude creditors not proving in time

        8. 132.Adjustment of rights of contributories

        9. 133.Inspection of books by creditors, etc.

        10. 134.Payment of expenses of winding up

        11. 135.Power to arrest absconding contributory

        12. 136.Powers of High Court to be cumulative

        13. 137.Delegation of powers to liquidator

    7. CHAPTER VII LIQUIDATORS

      1. Preliminary

        1. 138.Style and title of liquidators

        2. 139.Corrupt inducement affecting appointment

      2. Liquidator's powers and duties

        1. 140.Voluntary winding up

        2. 141.Creditors' voluntary winding up

        3. 142.Winding up by the High Court

        4. 143.Supplementary powers

        5. 144.Enforcement of liquidator's duty to make returns, etc.

      3. Removal: vacation of office

        1. 145.Removal, etc. (voluntary winding up)

        2. 146.Removal, etc. (winding up by the High Court)

      4. Release of liquidator

        1. 147.Release (voluntary winding up)

        2. 148.Release (winding up by the High Court)

    8. CHAPTER VIII PROVISIONS OF GENERAL APPLICATION IN WINDING UP

      1. Preferential debts

        1. 149.Preferential debts (general provision)

        2. 150.Preferential charge on goods distrained

      2. Property subject to floating charge

        1. 150ZA.Payment of expenses of winding up

        2. 150A.Share of assets for unsecured creditors

      3. Special managers

        1. 151.Power to appoint special manager

      4. Disclaimer

        1. 152.Power to disclaim onerous property

        2. 153.Disclaimer of leaseholds

        3. 154.Land subject to rentcharge

        4. 155.Powers of High Court (general)

        5. 156.Powers of High Court (leaseholds)

      5. Miscellaneous matters

        1. 157.Rescission of contracts by the High Court

        2. 158.Power to make over assets to employees

        3. 159.Notification that company is in liquidation

        4. 160.Interest on debts

        5. 161.Company's books to be evidence

        6. 162.Information as to pending liquidations

        7. 163.Resolutions passed at adjourned meetings

        8. 164.Meeting to ascertain wishes of creditors or contributories

        9. 165.Affidavits, etc., in United Kingdom and elsewhere

    9. CHAPTER IX DISSOLUTION OF COMPANIES AFTER WINDING UP

      1. 166.Dissolution (voluntary winding up)

      2. 167.Early dissolution

      3. 168.Consequence of notice under Article 167

      4. 169.Dissolution otherwise than under Article 167

    10. CHAPTER X MALPRACTICE BEFORE AND DURING LIQUIDATION; PENALISATION OF COMPANIES AND COMPANY OFFICERS; INVESTIGATIONS AND PROSECUTIONS

      1. Offences of fraud, deception, etc.

        1. 170.Fraud, etc., in anticipation of winding up

        2. 171.Transactions in fraud of creditors

        3. 172.Misconduct in course of winding up

        4. 173.Falsification of company's books

        5. 174.Material omissions from statement relating to company's affairs

        6. 175.False representations to creditors

      2. Penalisation of directors and officers

        1. 176.Summary remedy against delinquent directors, liquidators, etc.

        2. 177.Fraudulent trading

        3. 178.Wrongful trading

        4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

        5. 179.Proceedings under Articles 177 and 178

        6. 180.Restriction on re‐use of company names

        7. 181.Personal liability for debts, following contravention of Article 180

      3. Investigation and prosecution of malpractice

        1. 182.Prosecution of delinquent officers and members of company

        2. 183.Obligations arising under Article 182

  9. PART VI WINDING UP OF UNREGISTERED COMPANIES

    1. 184.Meaning of “unregistered company”

    2. 185.Winding up of unregistered companies

    3. 186.Inability to pay debts: unpaid creditor for £750 or more

    4. 187.Inability to pay debts: debt remaining unsatisfied after action brought

    5. 188.Inability to pay debts: other cases

    6. 189.Company incorporated outside Northern Ireland may be wound up though dissolved

    7. 190.Contributories in winding up of unregistered company

    8. 191.Power of High Court to stay or restrain proceedings

    9. 192.Actions stayed on winding‐up order

    10. 193.Provisions of this Part to be cumulative

  10. PART VII MISCELLANEOUS PROVISIONS APPLYING TO COMPANIES WHICH ARE INSOLVENT OR IN LIQUIDATION

    1. Office‐holders

      1. 194.Holders of office to be qualified insolvency practitioners

      2. 195.Appointment to office of two or more persons

      3. 196.Validity of office‐holder's acts

    2. Management by administrators, liquidators, etc.

      1. 197.Supplies of water, electricity, etc.

      2. 198.Getting in the company's property

      3. 199.Duty to co‐operate with office‐holder

      4. 200.Inquiry into company's dealings, etc.

      5. 201.High Court's enforcement powers under Article 200

    3. Adjustment of prior transactions (administration and liquidation)

      1. 202.Transactions at an undervalue

      2. 203.Preferences

      3. 204.“Relevant time” under Articles 202, 203

      4. 205.Orders under Articles 202, 203

      5. 206.Extortionate credit transactions

      6. 207.Avoidance of certain floating charges

      7. 208.Unenforceability of liens on books, etc.

  11. PARTS 7A TO 10 INSOLVENCY OF INDIVIDUALS; BANKRUPTCY

  12. PART 7A DEBT RELIEF ORDERS

    1. Preliminary

      1. 208A.Debt relief orders

    2. Applications for a debt relief order

      1. 208B.Making of application

      2. 208C.Duty of official receiver to consider and determine application

      3. 208D.Presumptions applicable to the determination of an application

    3. Making and effect of debt relief order

      1. 208E.Making of debt relief orders

      2. 208F.Effect of debt relief order on administration order

      3. 208G.Moratorium from qualifying debts

      4. 208H.The moratorium period

      5. 208I.Discharge from qualifying debts

    4. Duties of debtor

      1. 208J.Providing assistance to official receiver, etc.

    5. Objections, investigations and revocation

      1. 208K.Objections and investigations

      2. 208L.Power of official receiver to revoke or amend a debt relief order

    6. Role of the High Court

      1. 208M.Powers of High Court in relation to debt relief orders

      2. 208N.Inquiry into debtor's dealings and property

    7. Offences

      1. 208O.False representations and omissions

      2. 208P.Concealment or falsification of documents

      3. 208Q.Fraudulent disposal of property

      4. 208R.Fraudulent dealing with property obtained on credit

      5. 208S.Obtaining credit or engaging in business

      6. 208T.Offences: supplementary

    8. Supplementary

      1. 208U.Approved intermediaries

      2. 208V.Debt relief restrictions orders and undertakings

      3. 208W.Register of debt relief orders, etc.

      4. 208X.Interpretation

  13. PART VIII INDIVIDUAL VOLUNTARY ARRANGEMENTS

    1. CHAPTER I DEEDS OF ARRANGEMENT

      1. 209.Deeds of arrangement to which this Chapter applies

      2. Registration of deeds of arrangement

        1. 210.Registrar and deputy registrar

        2. 211.Mode of registration

        3. 212.Form of register

        4. 213.Rectification of register

      3. Avoidance of deeds of arrangement

        1. 214.Avoidance of unregistered deeds of arrangement

        2. 215.Avoidance of deeds of arrangement unless assented to by a majority of the creditors

        3. 216.Deeds otherwise void or voidable

      4. Provisions as to trustees

        1. 217.Notice to creditors of avoidance of deed

        2. 218.Trustee acting when deed of arrangement void

        3. 219.Protection of trustees under void deeds

        4. 220.Payment of expenses incurred by trustees

        5. 221.Security by trustee

        6. 222.Transmission of accounts

        7. 223.Preferential payment to creditor

      5. Miscellaneous

        1. 224.Applications to the High Court

        2. 225.Inspection of register, etc., certified copies and evidence

    2. CHAPTER II VOLUNTARY ARRANGEMENTS

      1. Moratorium for insolvent debtor

        1. 226.Interim order of High Court

        2. 227.Application for interim order

        3. 228.Effect of application

        4. 229.Cases in which interim order can be made

        5. 230.Nominee's report on debtor's proposal

      2. Procedure where no interim order made

        1. 230A.Debtor's proposal and nominee's report

      3. Creditors' meeting

        1. 231.Summoning of creditors' meeting

      4. Consideration and implementation of debtor's proposal

        1. 232.Decisions of creditors' meeting

        2. 233.Report of decisions to High Court

        3. 234.Effect of approval

        4. 235.Additional effect on undischarged bankrupt

        5. 236.Challenge of meeting's decision

        6. 236A. False representations etc.

        7. 236B.Prosecution of delinquent debtors

        8. 236C.Arrangements coming to an end prematurely

        9. 237.Implementation and supervision of approved voluntary arrangement

      5. Fast-track voluntary arrangement

        1. 237A.Availability

        2. 237B.Decision

        3. 237C.Result

        4. 237D.Approval of voluntary arrangement

        5. 237E.Implementation

        6. 237F.Revocation

        7. 237G.Offences

  14. PART IX BANKRUPTCY

    1. CHAPTER I BANKRUPTCY PETITIONS; BANKRUPTCY ORDERS

      1. Preliminary

        1. 238.Who may present a bankruptcy petition

        2. 239.Conditions to be satisfied in respect of debtor

        3. 240.Other preliminary conditions

      2. Creditor's petition

        1. 241.Grounds of creditor's petition

        2. 242.Definition of “inability to pay”, etc.; the statutory demand

        3. 243.Creditor with security

        4. 244.Expedited petition

        5. 245.Proceedings on creditor's petition

      3. Debtor's petition

        1. 246.Grounds of debtor's petition

        2. 247.Appointment of insolvency practitioner by the High Court

        3. 248.Action on report of insolvency practitioner

        4. 248A. Debtor who meets conditions for a debt relief order

        5. 249.Summary administration

      4. Other cases for special consideration

        1. 250.Default in connection with voluntary arrangement

        2. 251.Petition in respect of a solicitor

      5. Commencement and duration of bankruptcy; discharge

        1. 252.Commencement and continuance

        2. 253.Duration

        3. 254.Discharge where bankrupt is a solicitor

        4. 255.Effect of discharge

        5. 255A.Post-discharge restrictions

        6. 256.Power of High Court to annul bankruptcy order

    2. CHAPTER II PROTECTION OF BANKRUPT'S ESTATE AND INVESTIGATION OF HIS AFFAIRS

      1. 256A.Bankrupt's home ceasing to form part of estate

      2. 257.Restrictions on dispositions of property

      3. 258.Restriction on proceedings and remedies

      4. 259.Power to appoint interim receiver

      5. 260.Receivership pending appointment of trustee

      6. 261.Statement of affairs

      7. 262.Investigatory duties of official receiver

      8. 263.Public examination of bankrupt

      9. 264.Duties of bankrupt in relation to official receiver

    3. CHAPTER III TRUSTEES IN BANKRUPTCY

      1. Tenure of office as trustee

        1. 265.Power to make appointments

        2. 266.Summoning of meeting to appoint first trustee

        3. 267.Power of creditors to requisition meeting

        4. 268.Failure of meeting to appoint trustee

        5. 269.Appointment of trustee by Department

        6. 270.Special cases

        7. 271.Removal of trustee; vacation of office

        8. 272.Release of trustee

        9. 273.Vacancy in office of trustee

      2. Control of trustee

        1. 274.Creditors' committee

        2. 275.Exercise by Department of functions of creditors' committee

        3. 276.General control of trustee by the High Court

        4. 277.Liability of trustee

    4. CHAPTER IV ADMINISTRATION BY TRUSTEE

      1. Preliminary

        1. 278.General functions of trustee

      2. Acquisition, control and realisation of bankrupt's estate

        1. 279.Vesting of bankrupt's estate in trustee

        2. 279A. Property subject to restraint order

        3. 279AA.Property released from detention

        4. 279B. Property in respect of which receivership or administration order made

        5. 279BA.Property in respect of which realisation order made

        6. 279C. Property subject to certain orders where confiscation order discharged or quashed

        7. 280.After‐acquired property

        8. 281.Vesting in trustee of certain items of excess value

        9. 282.Time‐limit for notice under Article 280 or 281

        10. 283.Income payments orders

        11. 283A.Income payments agreement

        12. 284.Acquisition by trustee of control

        13. 285.Obligation to surrender control to trustee

        14. 286.Charge on bankrupt's home

        15. 286A.Low value home: application for sale, possession or charge

        16. 287.Powers of trustee

      3. Disclaimer of onerous property

        1. 288.Disclaimer (general power)

        2. 289.Notice requiring trustee's decision

        3. 290.Disclaimer of leaseholds

        4. 291.Disclaimer of dwelling house

        5. 292.Disclaimer of land subject to rentcharge

        6. 293.High Court order vesting disclaimed property

        7. 294.Order under Article 293 in respect of leaseholds

      4. Distribution of bankrupt's estate

        1. 295.Proof of debts

        2. 296.Mutual credit and set‐off

        3. 297.Distribution by means of dividend

        4. 298.Claims by unsatisfied creditors

        5. 299.Distribution of property in specie

        6. 300.Priority of debts

        7. 301.Preferential charge on goods distrained

        8. 302.Debts to spouse or civil partner

        9. 303.Final distribution

        10. 304.Final meeting

        11. 305.Saving for bankrupt's home

      5. Supplemental

        1. 306.Duties of bankrupt in relation to trustee

        2. 307.Stay of distribution in case of second bankruptcy

        3. 308.Adjustment between earlier and later bankruptcy estates

    5. CHAPTER V EFFECT OF BANKRUPTCY ON CERTAIN RIGHTS, TRANSACTIONS, ETC.

      1. Rights of occupation

        1. 309.Rights of occupation, etc., of bankrupt's spouse or civil partner

        2. 310.Rights of occupation of bankrupt

        3. 311.Payments in respect of premises occupied by bankrupt

      2. Adjustment of prior transactions, etc.

        1. 312.Transactions at an undervalue

        2. 313.Preferences

        3. 314.“Relevant time” under Articles 312, 313

        4. 315.Orders under Articles 312, 313

        5. 315A. Recovery of excessive pension contributions

        6. 315B.Orders under Article 315A

        7. 315C.Orders under Article 315A: supplementary

        8. 315D. Recovery of excessive contributions in pension-sharing cases

        9. 315E.Orders under Article 312 or 313 in respect of pension-sharing transactions

        10. 315F.Orders under Article 312 or 313 in pension-sharing cases: supplementary

        11. 316.Extortionate credit transactions

        12. 317.Avoidance of general assignment of book debts

        13. 318.Contracts to which bankrupt is a party

        14. 319.Apprenticeships, etc.

        15. 320.Unenforceability of liens on books, etc.

        16. 320A. Arbitration agreements to which bankrupt is party.

    6. CHAPTER VI BANKRUPTCY OFFENCES

      1. Preliminary

        1. 321.Scheme of this Chapter

        2. 322.Definitions for the purposes of this Chapter

        3. 323.Defence of innocent intention

      2. Wrongdoing by the bankrupt before and after bankruptcy

        1. 324.Non‐disclosure

        2. 325.Concealment of property

        3. 326.Concealment of books and papers; falsification

        4. 327.False statements

        5. 328.Fraudulent disposal of property

        6. 329.Absconding

        7. 330.Fraudulent dealing with property obtained on credit

        8. 331.Obtaining credit; engaging in business

        9. 332.Failure to keep proper accounts of business

        10. 333.Gambling

    7. CHAPTER VII POWERS OF HIGH COURT IN BANKRUPTCY

      1. 334.General control of High Court

      2. 335.Power of arrest

      3. 336.Seizure of bankrupt's property

      4. 337.Inquiry into bankrupt's dealings and property

      5. 338.High Court's enforcement powers under Article 337

      6. 339.Provision corresponding to Article 337, where interim receiver appointed

      7. 340.Order for production of documents by Inland Revenue

      8. 341.Power to appoint special manager

      9. 342.Re‐direction of bankrupt's letters, etc.

  15. PART X INDIVIDUAL INSOLVENCY: GENERAL PROVISIONS

    1. 343.Supplies of water, electricity, etc.

    2. 344.Time‐limits

    3. 345.Formal defects

  16. PARTS XI TO XIV MISCELLANEOUS MATTERS BEARING ON BOTH COMPANY AND INDIVIDUAL INSOLVENCY

  17. PART XI PREFERENTIAL DEBTS IN COMPANY AND INDIVIDUAL INSOLVENCY

    1. 346.Categories of preferential debts

    2. 347.“The relevant date”

  18. PART XII INSOLVENCY PRACTITIONERS AND THEIR QUALIFICATION

    1. Restrictions on unqualified persons acting as liquidator, trustee in bankruptcy, etc.

      1. 348.Acting as insolvency practitioner without qualification

      2. 348A. Authorisation of nominees and supervisors

      3. 348B.Official receiver as nominee or supervisor

    2. The requisite qualification, and the means of obtaining it

      1. 349.Persons not qualified to act as insolvency practitioners

      2. 350.Recognised professional bodies

      3. 351.Authorisation by competent authority

      4. 352.Grant, refusal and withdrawal of authorisation

      5. 353.Notices

      6. 354.Right to make representations

  19. PART XIII PUBLIC ADMINISTRATION

    1. Official receivers

      1. 355.Appointment, etc., of official receivers

      2. 356.Functions and status of official receivers

      3. 357.Deputy official receivers

    2. Insolvency Account

      1. 358.Insolvency Account

      2. 358A.Adjustment of balances

    3. Insolvency rules

      1. [[[359.Insolvency rules

      2. 360.Committee to review rules under Article 359

    4. Fees

      1. [[[361.Fees orders

      2. 361A.Fees orders (supplementary)

    5. Specification, increase and reduction of money sums relevant in the operation of this Order

      1. 362.Monetary limits

    6. Insolvency practice

      1. 363.Regulations for purposes of Part XII

    7. Other order‐making powers

      1. 364.Insolvent partnerships

      2. 365.Insolvent estates of deceased persons

      3. 365A. Insolvent estates: joint tenancies

      4. 366.Formerly authorised banks

  20. PART XIV MISCELLANEOUS

    1. Provisions against debt avoidance

      1. 367.Transactions defrauding creditors

      2. 368.Those who may apply for an order under Article 367

      3. 369.Provision which may be made by order under Article 367

    2. Disqualifications, reviews and reports

      1. 370.Assembly disqualification

      2. 370A.Irrelevance of privilege

      3. 371.Review, etc., by High Court of its orders

      4. 372.Annual report

    3. Legal proceedings

      1. 373.Prosecution and punishment of offences

      2. 374.Summary proceedings

      3. [[375.Admissibility in evidence of statements of affairs, etc.

    4. Supplemental

      1. 376.Judicial notice of court documents

      2. 377.Exemption from stamp duty

      3. 378.Crown application

      4. 379.Transitional provisions and savings

      5. Art.380 rep. by 1996 NI 16

      6. Art.381—Amendments

      7. Art.382—Repeals

  21. PART 15 SUPPLEMENTARY PROVISIONS

    1. 383.Introductory

    2. 384.Representation of corporations at meetings

    3. 385.Legal professional privilege

    4. 386.Enforcement of company's filing obligations

    5. 387.Application of filing obligations to overseas companies

  22. SCHEDULES

    1. SCHEDULE A1

      MORATORIUM WHERE DIRECTORS PROPOSE VOLUNTARY ARRANGEMENT

      1. PART I INTRODUCTORY

        1. Interpretation

          1. 1.In this Schedule—

        2. Eligible companies

          1. 2.A company is eligible for a moratorium if it meets the requirements of paragraph 3,

          2. 3.A company meets the requirements of this paragraph if the qualifying conditions are met—

          3. 4.A company is excluded from being eligible for a moratorium if, on the date of

        3. Capital market arrangement

          1. 5.A company is also excluded from being eligible for a moratorium if, on the date

        4. Public private partnership

          1. 6.A company is also excluded from being eligible for a moratorium if, on the date

        5. Liability under an arrangement

          1. 7.A company is also excluded from being eligible for a moratorium if, on the date

        6. Interpretation of capital market arrangement

          1. 8.For the purposes of paragraph 5 an arrangement is a capital market arrangement if—

        7. Capital market investment

          1. 9.For the purposes of paragraphs 5 and 8, an investment is a capital market investment

          2. 10.For the purposes of paragraphs 5 and 8 an investment is also a capital market

        8. Debt

          1. 11.The debt of at least £10 million referred to in paragraph 5—

        9. Interpretation of project company

          1. 12.For the purposes of paragraph 6 a company is a project company of a project

        10. Public-private partnership project

          1. 13.In paragraph 6 public-private partnership project means a project—

        11. Step-in rights

          1. 14.For the purposes of paragraph 6 a project has step-in rights if a person who

        12. “Person”

          1. 15.For the purposes of paragraphs 5 to 14, a reference to a person includes a

          2. 16.The Department may by regulations modify the qualifications for eligibility of a company for a

      2. PART II OBTAINING A MORATORIUM

        1. Nominee's statement

          1. 17.Where the directors of a company wish to obtain a moratorium, they shall submit to

        2. Documents to be submitted to High Court

          1. 18.To obtain a moratorium the directors of a company must file with the High Court—

        3. Duration of moratorium

          1. 19.A moratorium comes into force when the documents for the time being referred to in

        4. Notification of beginning of moratorium

          1. 20.When a moratorium comes into force, the directors shall notify the nominee of that fact

          2. 21.When a moratorium comes into force, the nominee shall, in accordance with the rules—

        5. Notification of end of moratorium

          1. 22.When a moratorium comes to an end, the nominee shall, in accordance with the rules—

      3. PART III EFFECTS OF MORATORIUM

        1. Effect on creditors, etc.

          1. 23.During the period for which a moratorium is in force for a company—

          2. 24.This paragraph applies where there is an uncrystallised floating charge on the property of a

          3. 25.Security granted by a company at a time when a moratorium is in force in

        2. Effect on company

          1. 26.Paragraphs 27 to 33 apply in relation to a company for which a moratorium is

        3. Company invoices, etc.

          1. 27.Every invoice, order for goods or services, business letter or order form (whether in hard

        4. Obtaining credit during moratorium

          1. 28.The company may not obtain credit to the extent of £250 or more from a

        5. Disposals and payments

          1. 29.Subject to sub-paragraph (2), the company may only dispose of any of its property if—

          2. 30.Subject to sub-paragraph (2), the company may only make any payment in respect of any

        6. Disposal of charged property, etc.

          1. 31.This paragraph applies where—

          2. 32.If the company—

        7. Market contracts, etc.

          1. 33.If the company enters into any transaction to which this paragraph applies—

      4. PART IV NOMINEES

        1. Monitoring of company's activities

          1. 34.During a moratorium, the nominee shall monitor the company's affairs for the purpose of forming

        2. Withdrawal of consent to act

          1. 35.The nominee may only withdraw his consent to act in the circumstances mentioned in this

        3. Challenge of nominee's actions, etc.

          1. 36.If any creditor, director or member of the company, or any other person affected by

          2. 37.Where there are reasonable grounds for believing that—

        4. Replacement of nominee by High Court

          1. 38.The High Court may—

      5. PART V CONSIDERATION AND IMPLEMENTATION OF VOLUNTARY ARRANGEMENT

        1. Summoning of meetings

          1. 39.Where a moratorium is in force, the nominee shall summon meetings of the company and

        2. Conduct of meetings

          1. 40.Subject to the provisions of paragraphs 41 to 45, the meetings summoned under paragraph 39

        3. Approval of voluntary arrangement

          1. 41.The meetings summoned under paragraph 39 shall decide whether to approve the proposed voluntary arrangement

        4. Extension of moratorium

          1. 42.Subject to sub-paragraph (2), a meeting summoned under paragraph 39 which resolves that it be

          2. 43.The conditions which may be imposed when a moratorium is extended (or further extended) include

          3. 44.If a decision to extend, or further extend, the moratorium takes effect under paragraph 46,

        5. Moratorium committee

          1. 45.A meeting summoned under paragraph 39 which resolves that the moratorium be extended (or further

        6. Effectiveness of decisions

          1. 46.Sub-paragraph (2) applies to references to one of the following decisions having effect, that is,

        7. Effect of approval of voluntary arrangement

          1. 47.This paragraph applies where a decision approving a voluntary arrangement has effect under paragraph 46.

        8. Challenge of decisions

          1. 48.Subject to the following provisions of this paragraph, any of the persons mentioned in sub-paragraph

        9. Implementation of voluntary arrangement

          1. 49.This paragraph applies where a voluntary arrangement approved by one or both of the meetings

      6. PART VI MISCELLANEOUS

        1. Challenge of directors' actions

          1. 50.This paragraph applies in relation to acts or omissions of the directors of a company

        2. Offences

          1. 51.This paragraph applies where a moratorium has been obtained for a company.

          2. 52.If, for the purpose of obtaining a moratorium, or an extension of a moratorium, for

        3. Void provisions in floating charge documents

          1. 53.A provision in an instrument creating a floating charge is void if it provides for—

        4. Functions of the Financial Conduct Authority and the Prudential Regulation Authority

          1. 54.This Schedule has effect in relation to a moratorium for a regulated company with the

        5. Subordinate legislation

          1. 55.Regulations made by the Department under this Schedule may make such consequential, incidental, supplemental and

    2. SCHEDULE B1

      ADMINISTRATION

      1. ARRANGEMENT OF SCHEDULE ARRANGEMENT OF SCHEDULE

      2. INTRODUCTORY

        1. Interpretation

          1. 1.In this Schedule—

        2. Non-UK companies

          1. 1A.A company incorporated outside Northern Ireland that has a principal place of business in England

      3. NATURE OF ADMINISTRATION

        1. Administration

          1. 2.For the purposes of this Order “

          2. 3.A person may be appointed as administrator of a company—

        2. Purpose of administration

          1. 4.The administrator of a company must perform his functions with the objective of—

          2. 5.The administrator of a company must perform his functions as quickly and efficiently as is

        3. Status of administrator

          1. 6.An administrator is an officer of the High Court (whether or not he is appointed

        4. General restrictions

          1. 7.A person may be appointed as administrator of a company only if he is qualified

          2. 8.A person may not be appointed as administrator of a company which is in administration

          3. 9.A person may not be appointed as administrator of a company which is in liquidation

          4. 10.A person may not be appointed as administrator of a company which—

      4. APPOINTMENT OF ADMINISTRATOR BY HIGH COURT

        1. Administration order

          1. 11.An administration order is an order appointing a person as the administrator of a company.

        2. Conditions for making order

          1. 12.The High Court may make an administration order in relation to a company only if

        3. Administration application

          1. 13.An application to the High Court for an administration order in respect of a company

        4. Powers of High Court

          1. 14.On hearing an administration application the High Court may—

      5. APPOINTMENT OF ADMINISTRATOR BY HOLDER OF FLOATING CHARGE

        1. Power to appoint

          1. 15.The holder of a qualifying floating charge in respect of a company's property may appoint

        2. Restrictions on power to appoint

          1. 16.A person may not appoint an administrator under paragraph 15 unless—

          2. 17.An administrator may not be appointed under paragraph 15 while a floating charge on which

          3. 18.An administrator of a company may not be appointed under paragraph 15 if—

        3. Notice of appointment

          1. 19.A person who appoints an administrator of a company under paragraph 15 shall file with

        4. Commencement of appointment

          1. 20.The appointment of an administrator under paragraph 15 takes effect when the requirements of paragraph

          2. 21.A person who appoints an administrator under paragraph 15—

        5. Invalid appointment: indemnity

          1. 22.This paragraph applies where—

      6. APPOINTMENT OF ADMINISTRATOR BY COMPANY OR DIRECTORS

        1. Power to appoint

          1. 23.A company may appoint an administrator.

        2. Restrictions on power to appoint

          1. 24.This paragraph applies where an administrator of a company is appointed—

          2. 25.If a moratorium for a company under Schedule A1 ends on a date when no

          3. 26.An administrator of a company may not be appointed under paragraph 23 if—

        3. Notice of intention to appoint

          1. 27.A person who proposes to make an appointment under paragraph 23 shall give at least

          2. 28.A person who gives notice of intention to appoint under paragraph 27 shall file with

          3. 29.An appointment may not be made under paragraph 23 unless the person who makes the

        4. Notice of appointment

          1. 30.A person who appoints an administrator of a company under paragraph 23 shall file with

          2. 31.In a case in which no person is entitled to notice of intention to appoint

        5. Commencement of appointment

          1. 32.The appointment of an administrator under paragraph 23 takes effect when the requirements of paragraph

          2. 33.A person who appoints an administrator under paragraph 23—

          3. 34.If before the requirements of paragraph 30 are satisfied the company enters administration by virtue

        6. Invalid appointment: indemnity

          1. 35.This paragraph applies where—

      7. ADMINISTRATION APPLICATION — SPECIAL CASES

        1. Application by holder of floating charge

          1. 36.This paragraph applies where an administration application in respect of a company—

        2. Intervention by holder of floating charge

          1. 37.This paragraph applies where—

        3. Application where company in liquidation

          1. 38.This paragraph applies where the holder of a qualifying floating charge in respect of a

          2. 39.The liquidator of a company may make an administration application.

        4. Effect of administrative receivership

          1. 40.Where there is an administrative receiver of a company the High Court must dismiss an

      8. EFFECT OF ADMINISTRATION

        1. Dismissal of pending winding-up petition

          1. 41.A petition for the winding up of a company—

        2. Dismissal of administrative or other receiver

          1. 42.When an administration order takes effect in respect of a company any administrative receiver of

        3. Moratorium on insolvency proceedings

          1. 43.This paragraph applies to a company in administration.

        4. Moratorium on other legal process

          1. 44.This paragraph applies to a company in administration.

        5. Interim moratorium

          1. 45.This paragraph applies where an administration application in respect of a company has been made

        6. Publicity

          1. 46.While a company is in administration, every business document issued by or on behalf of

      9. PROCESS OF ADMINISTRATION

        1. Announcement of administrator's appointment

          1. 47.This paragraph applies where a person becomes the administrator of a company.

        2. Statement of company's affairs

          1. 48.As soon as is reasonably practicable after appointment the administrator of a company shall by

          2. 49.A person required to submit a statement of affairs must do so before the end

        3. Administrator's proposals

          1. 50.The administrator of a company shall make a statement setting out proposals for achieving the

        4. Creditors' meeting

          1. 51.In this Schedule “

        5. Requirement for initial creditors' meeting

          1. 52.Each copy of an administrator's statement of proposals sent to a creditor under paragraph 50(4)(b)

          2. 53.Paragraph 52(1) shall not apply where the statement of proposals states that the administrator thinks—

        6. Business and result of initial creditors' meeting

          1. 54.An initial creditors' meeting to which an administrator's proposals are presented shall consider them and

        7. Revision of administrator's proposals

          1. 55.This paragraph applies where—

        8. Failure to obtain approval of administrator's proposals

          1. 56.This paragraph applies where an administrator reports to the High Court that—

        9. Further creditors' meetings

          1. 57.The administrator of a company shall summon a creditors' meeting if—

        10. Creditors' committee

          1. 58.A creditors' meeting may establish a creditors' committee.

        11. Correspondence instead of creditors' meeting

          1. 59.Anything which is required or permitted by or under this Schedule to be done at

      10. FUNCTIONS OF ADMINISTRATOR

        1. General powers

          1. 60.The administrator of a company may do anything necessary or expedient for the management of

          2. 61.The administrator of a company has the powers specified in Schedule 1.

          3. 62.The administrator of a company—

          4. 63.The administrator of a company may call a meeting of members or creditors of the

          5. 64.The administrator of a company may apply to the High Court for directions in connection

          6. 65.A company in administration or an officer of a company in administration may not exercise

        2. Distribution

          1. 66.The administrator of a company may make a distribution to a creditor of the company.

          2. 67.The administrator of a company may make a payment otherwise than in accordance with paragraph

        3. General duties

          1. 68.The administrator of a company shall on his appointment take custody or control of all

          2. 69.Subject to sub-paragraph (2), the administrator of a company shall manage its affairs, business and

        4. Administrator as agent of company

          1. 70.In exercising his functions under this Schedule the administrator of a company acts as its

        5. Charged property: floating charge

          1. 71.The administrator of a company may dispose of or take action relating to property which

        6. Charged property: non-floating charge

          1. 72.The High Court may by order enable the administrator of a company to dispose of

        7. Hire-purchase property

          1. 73.The High Court may by order enable the administrator of a company to dispose of

        8. Protection for secured or preferential creditor

          1. 74.An administrator's statement of proposals under paragraph 50 may not include any action which—

        9. Challenge to administrator's conduct of company

          1. 75.A creditor or member of a company in administration may apply to the High Court

        10. Misfeasance

          1. 76.The High Court may examine the conduct of a person who—

      11. ENDING ADMINISTRATION

        1. Automatic end of administration

          1. 77.The appointment of an administrator shall cease to have effect at the end of the

          2. 78.An order of the High Court under paragraph 77—

          3. 79.In paragraph 77(2)(b) “

        2. Court ending administration on application of administrator

          1. 80.On the application of the administrator of a company the High Court may provide for

        3. Termination of administration where objective achieved

          1. 81.This paragraph applies where an administrator of a company is appointed under paragraph 15 or

        4. Court ending administration on application of creditor

          1. 82.On the application of a creditor of a company the High Court may provide for

        5. Public interest winding-up

          1. 83.This paragraph applies where a winding-up order is made for the winding up of a

        6. Moving from administration to creditors' voluntary liquidation

          1. 84.This paragraph applies where the administrator of a company thinks—

        7. Moving from administration to dissolution

          1. 85.If the administrator of a company thinks that the company has no property which might

        8. Discharge of administration order where administration ends

          1. 86.This paragraph applies where—

        9. Notice to registrar where administration ends

          1. 87.This paragraph applies where the High Court makes an order under this Schedule providing for

      12. REPLACING ADMINISTRATOR

        1. Resignation of administrator

          1. 88.An administrator may resign only in prescribed circumstances.

        2. Removal of administrator from office

          1. 89.The High Court may by order remove an administrator from office.

        3. Administrator ceasing to be qualified

          1. 90.The administrator of a company shall vacate office if he ceases to be qualified to

        4. Supplying vacancy in office of administrator

          1. 91.Paragraphs 92 to 96 apply where an administrator—

          2. 92.Where the administrator was appointed by administration order, the High Court may replace the administrator

          3. 93.Where the administrator was appointed under paragraph 15 the holder of the floating charge by

          4. 94.Where the administrator was appointed under paragraph 23(1) by the company it may replace the

          5. 95.Where the administrator was appointed under paragraph 23(2) the directors of the company may replace

          6. 96.The High Court may replace an administrator on the application of a person listed in

        5. Substitution of administrator: competing floating charge-holder

          1. 97.This paragraph applies where an administrator of a company is appointed under paragraph 15 by

        6. Substitution of administrator appointed by company or directors: creditors' meeting

          1. 98.This paragraph applies where—

        7. Vacation of office: discharge from liability

          1. 99.Where a person ceases to be the administrator of a company (whether because he vacates

        8. Vacation of office: charges and liabilities

          1. 100.This paragraph applies where a person ceases to be the administrator of a company (whether

      13. GENERAL

        1. Joint and concurrent administrators

          1. 101.In this Schedule—

          2. 102.This paragraph applies where two or more persons are appointed to act jointly as the

          3. 103.This paragraph applies where two or more persons are appointed to act concurrently as the

          4. 104.Where a company is in administration, a person may be appointed to act as administrator

        2. Presumption of validity

          1. 105.An act of the administrator of a company is valid in spite of a defect

        3. Majority decision of directors

          1. 106.A reference in this Schedule to something done by the directors of a company includes

        4. Penalties

          1. 107.A person who is guilty of an offence under this Schedule is liable to a

        5. Extension of time limit

          1. 108.Where a provision of this Schedule provides that a period may be varied in accordance

          2. 109.A period specified in paragraph 50(5), 51(1)(b) or 52(2) may be varied in respect of

          3. 110.Where a period is extended under paragraph 108 or 109, a reference to the period

        6. Amendment of provision about time

          1. 111.The Department may by order amend a provision of this Schedule which—

    3. SCHEDULE 1

      POWERS OF ADMINISTRATOR OR ADMINISTRATIVE RECEIVER

      1. 1.Power to take possession of, collect and get in the property of the company and,...

      2. 2.Power to sell or otherwise dispose of the company's property, including the goodwill and book...

      3. 3.Power to make, on such terms and conditions as he may think proper, a sub‐fee...

      4. 4.Power to raise or borrow money and grant security therefor over the property of the...

      5. 5.Power to appoint a solicitor or accountant or other professionally qualified person to assist him...

      6. 6.Power to bring or defend any action or other legal proceedings in the name and...

      7. 7.Power to refer to arbitration any question affecting the company.

      8. 8.Power to effect and maintain insurances in respect of the business and property of the...

      9. 9.Power to use the company's seal.

      10. 10.Power to do all acts and to execute in the name and on behalf of...

      11. 11.Power to draw, accept, make and endorse any bill of exchange or promissory note in...

      12. 12.Power to appoint any agent to do any business which he is unable to do...

      13. 13.Power to do all such things (including the carrying out of works) as may be...

      14. 14.Power to make any payment which is necessary or incidental to the performance of his...

      15. 15.Power to carry on the business of the company.

      16. 16.Power to establish subsidiaries of the company.

      17. 17.Power to transfer to subsidiaries of the company the whole or any part of the...

      18. 18.Power to grant or accept a surrender of a lease or tenancy of any of...

      19. 19.Power to make any arrangement or compromise on behalf of the company.

      20. 20.Power to call up any uncalled capital of the company.

      21. 21.Power to rank and claim in the bankruptcy, insolvency or liquidation of any person indebted...

      22. 22.Power to present or defend a petition for the winding up of the company.

      23. 23.Power to change the situation of the company's registered office.

      24. 24.Power to do all other things incidental to the exercise of the foregoing powers.

    4. SCHEDULE 1A

      EXCEPTIONS TO PROHIBITION ON APPOINTMENT OF ADMINISTRATIVE RECEIVER: SUPPLEMENTARY PROVISIONS

      1. Capital market arrangement

        1. 1.For the purposes of Article 59B an arrangement is a capital market arrangement if—

      2. Capital market investment

        1. 2.For the purposes of Article 59B an investment is a capital market investment if it—

        2. 3.An investment is also a capital market investment for the purposes of Article 59B if

      3. “Agreement”

        1. 4.or the purposes of Articles 59B and 59F and this Schedule “

      4. Debt

        1. 5.he debt of at least £50 million referred to in Article 59B(1)(a) or 59F(2)(a)—

      5. Step-in rights

        1. 6.For the purposes of Articles 59C to 59F a project has “

      6. Project company

        1. 7.For the purposes of Articles 59C to 59F a company is a “

      7. “Resources”

        1. 8.In Article 59C “

      8. “Public body”

        1. 9.In Article 59C “

      9. Regulated business

        1. 10.For the purposes of Article 59D a business is regulated if it is carried on—

      10. “Person”

        1. 11.A reference to a person in this Schedule includes a reference to a partnership or

    5. SCHEDULE 2

      POWERS OF LIQUIDATOR IN A WINDING UP

      1. PART I POWERS EXERCISABLE WITH SANCTION

        1. 1.Power to pay any class of creditors in full.

        2. 2.Power to make any compromise or arrangement with creditors or persons claiming to be creditors,...

        3. 3.Power to compromise, on such terms as may be agreed— (a) all calls and liabilities...

        4. 3A.Power to bring legal proceedings under Article 177, 178, 202, 203 or 367.

      2. PART II POWERS EXERCISABLE WITHOUT SANCTION IN VOLUNTARY WINDING UP, WITH SANCTION IN WINDING UP BY THE HIGH COURT

        1. 4.Power to bring or defend any action or other legal proceeding in the name and...

        2. 5.Power to carry on the business of the company so far as may be necessary...

      3. PART III POWERS EXERCISABLE WITHOUT SANCTION IN ANY WINDING UP

        1. 6.Power to sell any part of the company's property, including the goodwill and book debts...

        2. 7.Without prejudice to Article 28 or 30 of the Property (Northern Ireland) Order 1997, power...

        3. 8.Power to do all acts and execute, in the name and on behalf of the...

        4. 8A.Power to use the company's seal.

        5. 9.Power to prove, rank and claim in the bankruptcy or insolvency of any contributory for...

        6. 10.Power to draw, accept, make and endorse any bill of exchange or promissory note in...

        7. 11.Power to raise on the security of the assets of the company any money requisite.

        8. 12.(1) Power to take out in his official name letters of administration to any deceased...

        9. 13.Power to appoint an agent to do any business which the liquidator is unable to...

        10. 14.Power to do all such other things as may be necessary for winding up the...

    6. SCHEDULE 2ZA

      CONDITIONS FOR MAKING A DEBT RELIEF ORDER

      1. PART 1 CONDITIONS WHICH MUST BE MET

        1. Connection with Northern Ireland

          1. 1.(1) The debtor— (a) is domiciled in Northern Ireland on the application date; or (b)...

        2. Debtor's previous insolvency history

          1. 2.The debtor is not, on the determination date— (a) an undischarged bankrupt; (b) subject to...

          2. 3.A debtor's petition for the debtor's bankruptcy under Part 9— (a) has not been presented...

          3. 4.A creditor's petition for the debtor's bankruptcy under Part 9— (a) has not been presented...

          4. 5.A debt relief order has not been made in relation to the debtor in the...

        3. Limit on debtor's overall indebtedness

          1. 6.(1) The total amount of the debtor's debts on the determination date, other than unliquidated...

        4. Limit on debtor's monthly surplus income

          1. 7.(1) The debtor's monthly surplus income (if any) on the determination date does not exceed...

        5. Limit on value of debtor's property

          1. 8.(1) The total value of the debtor's property on the determination date does not exceed...

      2. PART 2 OTHER CONDITIONS

        1. 9.(1) The debtor has not entered into a transaction with any person at an undervalue...

        2. 10.(1) The debtor has not given a preference to any person during the period between—...

    7. SCHEDULE 2ZB

      DEBT RELIEF RESTRICTIONS ORDERS AND UNDERTAKINGS

      1. Debt relief restrictions order

        1. 1.(1) A debt relief restrictions order may be made by the High Court in relation...

      2. Grounds for making order

        1. 2.(1) The High Court shall grant an application for a debt relief restrictions order if...

      3. Timing of application for order

        1. 3.An application for a debt relief restrictions order in respect of a debtor may be...

      4. Duration of order

        1. 4.(1) A debt relief restrictions order— (a) comes into force when it is made, and...

      5. Interim debt relief restrictions order

        1. 5.(1) This paragraph applies at any time between— (a) the institution of an application for...

        2. 6.(1) This paragraph applies to a case in which both an interim debt relief restrictions...

      6. Debt relief restrictions undertaking

        1. 7.(1) A debtor may offer a debt relief restrictions undertaking to the Department. (2) In...

        2. 8.A reference in a statutory provision to a person in respect of whom a debt...

        3. 9.(1) A debt relief restrictions undertaking— (a) comes into force on being accepted by the...

      7. Effect of revocation of debt relief order

        1. 10.Unless the High Court directs otherwise, the revocation at any time of a debt relief...

    8. SCHEDULE 2A

      BANKRUPTCY RESTRICTIONS ORDER AND UNDERTAKING

      1. Bankruptcy restrictions order

        1. 1.(1) A bankruptcy restrictions order may be made by the High Court. (2) An order...

      2. Grounds for making order

        1. 2.(1) The High Court shall grant an application for a bankruptcy restrictions order if it...

      3. Timing of application for order

        1. 3.(1) An application for a bankruptcy restrictions order in respect of a bankrupt must be...

      4. Duration of order

        1. 4.(1) A bankruptcy restrictions order— (a) shall come into force when it is made, and...

      5. Interim bankruptcy restrictions order

        1. 5.(1) This paragraph applies at any time between— (a) the institution of an application for...

        2. 6.(1) This paragraph applies to a case in which both an interim bankruptcy restrictions order...

      6. Bankruptcy restrictions undertaking

        1. 7.(1) A bankrupt may offer a bankruptcy restrictions undertaking to the Department. (2) In determining...

        2. 8.A reference in a statutory provision to a person in respect of whom a bankruptcy...

        3. 9.(1) A bankruptcy restrictions undertaking— (a) shall come into force on being accepted by the...

      7. Effect of annulment of bankruptcy order

        1. 10.Where a bankruptcy order is annulled under Article 256(1)(a)— (a) any bankruptcy restrictions order, interim...

        2. 11.Where a bankruptcy order is annulled under Article 235, 237D or 256(1)(b)— (a) the annulment...

      8. Registration

        1. 12.The Department shall maintain a register of— (a) bankruptcy restrictions orders, (b) interim bankruptcy restrictions...

    9. SCHEDULE 3

      POWERS OF TRUSTEE IN BANKRUPTCY

      1. PART I POWERS EXERCISABLE WITH SANCTION

        1. 1.Power to carry on any business of the bankrupt so far as may be necessary...

        2. 2.Power to bring, institute or defend any action or legal proceedings relating to the property...

        3. 2A.Power to bring legal proceedings under Article 312, 313 or 367.

        4. 3.Power to accept as the consideration for the sale of any property comprised in the...

        5. 4.Power to mortgage or pledge any part of the property comprised in the bankrupt's estate...

        6. 5.Power, where any right, option or other power forms part of the bankrupt's estate, to...

        7. 6.Power to refer to arbitration, or compromise on such terms as may be agreed on,...

        8. 7.Power to make such compromise or other arrangement as may be thought expedient with creditors,...

        9. 8.Power to make such compromise or other arrangement as may be thought expedient with respect...

      2. PART II POWERS EXERCISABLE WITHOUT SANCTION

        1. 9.Power to sell any part of the property for the time being comprised in the...

        2. 10.Without prejudice to Article 28 or 30 of the Property (Northern Ireland) Order 1997, power...

        3. 11.Power to give receipts for any money received by him, being receipts which effectually discharge...

        4. 12.Power to prove, rank, claim and draw a dividend in respect of such debts due...

        5. 13.Power to exercise in relation to any property comprised in the bankrupt's estate any powers...

        6. 14.Power to deal with any property comprised in the estate to which the bankrupt is...

      3. PART III ANCILLARY POWERS

        1. 15.For the purposes of, or in connection with, the exercise of any of his powers...

    10. SCHEDULE 4

      THE CATEGORIES OF PREFERENTIAL DEBTS

      1. Category 1: Debts due to Inland Revenue

        1. 1.. . . . . . . . . . . . . . ....

        2. 2.. . . . . . . . . . . . . . ....

      2. Category 2: Debts due to Customs and Excise

        1. 3.. . . . . . . . . . . . . . ....

        2. 3A.. . . . . . . . . . . . . . ....

        3. 3B.. . . . . . . . . . . . . . ....

        4. 3C.. . . . . . . . . . . . . . ....

        5. 4.. . . . . . . . . . . . . . ....

        6. 5.. . . . . . . . . . . . . . ....

        7. 5A.. . . . . . . . . . . . . . ....

        8. 5B.. . . . . . . . . . . . . . ....

        9. 5C.. . . . . . . . . . . . . . ....

      3. Category 3: Social security contributions

        1. 6.. . . . . . . . . . . . . . ....

        2. 7.. . . . . . . . . . . . . . ....

      4. Category 4: Contributions to occupational pension schemes, etc.

        1. 8.Any sum which is owed by the debtor and is a sum to which Schedule...

      5. Category 5: Remuneration, etc., of employees

        1. 9.So much of any amount which— (a) is owed by the debtor to a person...

        2. 10.An amount owed by way of accrued holiday remuneration, in respect of any period of...

        3. 11.So much of any sum owed in respect of money advanced for the purpose as...

        4. 12.So much of any amount which— (a) is ordered (whether before or after the relevant...

      6. Interpretation for Category 5

        1. 13.(1) For the purposes of paragraphs 9 to 12, a sum is payable by the...

        2. 14.(1) This paragraph relates to a case in which a person's employment has been terminated...

        3. 15.Without prejudice to paragraphs 13 and 14— (a) any remuneration payable by the debtor to...

      7. Orders under Category 5

        1. 16.An order under paragraph 9 or 12— (a) may contain such transitional provisions as may...

      8. Category 6: Levies on coal and steel production

        1. 17.Any sums due at the relevant date from the debtor in respect of— (a) the...

    11. SCHEDULE 5

      PROVISIONS CAPABLE OF INCLUSION IN COMPANY INSOLVENCY RULES

      1. High Court

        1. 1.(1) Provision for regulating the practice and procedure of the High Court so far as...

        2. 2.Provision conferring rights of audience, in the High Court so far as relating to, and...

      2. Notices, etc.

        1. 3.Provision requiring notice of any proceedings in connection with or arising out of the insolvency...

        2. 4.Provision with respect to the form, manner of serving, contents and proof of any petition,...

        3. 5.Provision specifying the persons to whom any notice is to be given.

      3. Registration of voluntary arrangements

        1. 6.Provision for the registration of voluntary arrangements approved under Part II, including provision for the...

      4. Provisional liquidator

        1. 7.Provision as to the manner in which a provisional liquidator appointed under Article 115 is...

      5. Conduct of insolvency

        1. 8.Provision with respect to the certification of any person as, and as to the proof...

        2. 9.The following provision with respect to meetings of a company's creditors, contributories or members— (a)...

        3. 10.(1) Provision as to the functions, membership and proceedings of a committee established under Article...

        4. 11.Provision as to the manner in which any requirement that may be imposed on a...

        5. 12.Provision as to the debts that may be proved in a winding up, as to...

        6. 13.Provision with respect to the manner of the distribution of the property of a company...

        7. 14.Provision which, with or without modifications, applies in relation to the winding up of companies...

        8. 14A.Provision about the application of Article 150A which may include, in particular— (a) provision enabling...

      6. Administration

        1. 14B.Provision which—

      7. Financial provisions

        1. 15.Provision as to the amount, or manner of determining the amount, payable to the liquidator,...

        2. 16.Provision with respect to the manner in which money received by the liquidator of a...

        3. 16A.Provision enabling the Department to set the rate of interest paid on sums which have...

        4. 17.Provision as to the costs that may be treated as the expenses of a winding...

        5. 18.Provision as to the costs that may be treated as properly incurred by the administrator...

        6. 19.Provision as to the costs that may be incurred for any of the purposes of...

      8. Information and records

        1. 20.Provision requiring officers of the High Court— (a) to keep books and other records with...

        2. 21.Provision requiring a creditor, member or contributory, or such a committee as is mentioned in...

        3. 22.Provision as to the manner in which public examinations under Articles 113 and 114 and...

        4. 23.Provision imposing requirements with respect to— (a) the preparation and keeping by the liquidator, administrator...

        5. 24.Provision requiring the person who is the supervisor of a voluntary arrangement approved under Part...

        6. 25.Provision as to the manner in which the liquidator of a company is to act...

        7. 26.Provision imposing requirements in connection with the carrying out of functions under Article 10(4) of...

      9. General

        1. 27.Provision conferring power on the Department to make regulations with respect to so much of...

        2. 28.Provision conferring a discretion on the High Court.

        3. 29.Provision conferring power on the High Court to make orders for the purpose of securing...

        4. 30.Provision making non‐compliance with any of the rules a criminal offence.

    12. SCHEDULE 6

      PROVISIONS CAPABLE OF INCLUSION IN INDIVIDUAL INSOLVENCY RULES

      1. High Court

        1. 1.Provision for regulating the practice and procedure of the High Court for the purposes of

        2. 2.Provision conferring rights of audience, in the High Court for the purposes of

      2. Notices, etc.

        1. 3.Provision requiring notice of any proceedings under

        2. 4.Provision with respect to the form, manner of serving, contents and proof of any petition,

        3. 5.Provision specifying the persons to whom any notice under

      3. Debt relief orders

        1. 5A.Provision as to the manner in which the official receiver is to carry out his...

        2. 5B.Provision as to the manner in which any requirement that may be imposed by the...

        3. 5C.Provision modifying the application of Part 7A in relation to an individual who has died...

      4. Debt relief restrictions orders and undertakings

        1. 5D.Provision about debt relief restrictions orders, interim orders and undertakings, including provision about evidence.

      5. Register of debt relief orders and debt relief restrictions orders, etc.

        1. 5E.Provision about the register required to be maintained by Article 208W and the information to...

      6. Deeds of arrangement and voluntary arrangements

        1. 6.Provision for endorsement, execution and certification of deeds of arrangement registered under Article 211 and...

      7. Official receiver acting on voluntary arrangement

        1. 6A.Provision about the official receiver acting as nominee or supervisor in relation to a voluntary...

      8. Interim receiver

        1. 7.Provision as to the manner in which an interim receiver appointed under Article 259 is...

      9. Receiver or manager

        1. 8.Provision as to the manner in which the official receiver is to carry out his...

      10. Administration of individual insolvency

        1. 9.Provision with respect to the certification of the appointment of any person as trustee of

        2. 10.The following provision with respect to meetings of creditors—

        3. 11.Provision as to the functions, membership and proceedings of a creditors' committee established under Article

        4. 12.Provision as to the manner in which any requirement that may be imposed on a

        5. 13.Provision as to the manner in which any requirement imposed by virtue of Article 283(3)

        6. 14.Provision as to the terms and conditions that may be included in a charge under

        7. 15.Provision as to the debts that may be proved in any bankruptcy, as to the

        8. 16.Provision with respect to the manner of the distribution of a bankrupt's estate, including provision

        9. 17.Provision modifying the application of Parts VIII to X in relation to a debtor or

      11. Financial provisions

        1. 18.Provision as to the amount, or manner of determining the amount, payable to an interim...

        2. 19.Provision with respect to the manner in which money received by the trustee of a...

        3. 19A.Provision enabling the Department to set the rate of interest paid on sums which have...

        4. 20.Provision as to the costs that may be treated as the expenses of a bankruptcy.

        5. 21.Provision as to the costs that may be incurred for any of the purposes of...

      12. Information and records

        1. 22.Provision requiring officers of the High Court—

        2. 23.Provision requiring a creditor or a committee established under Article 274 to be supplied (on

        3. 24.Provision as to the manner in which public examinations under Article 263 and proceedings under

        4. 25.Provision imposing requirements with respect to—

        5. 26.Provision requiring the person who is the supervisor of a voluntary arrangement approved under Part

        6. 27.Provision as to the manner in which the trustee of a bankrupt's estate is to

      13. Bankruptcy restrictions orders and undertakings

        1. 27A.Provision about bankruptcy restrictions orders, interim orders and undertakings, including—

      14. General

        1. 28.Provision conferring power on the Department to make regulations with respect to so much of...

        2. 29.Provision conferring a discretion on the High Court.

        3. 30.Provision making non‐compliance with any of the rules a criminal offence.

    13. SCHEDULE 7

      PUNISHMENT OF OFFENCES UNDER THIS ORDER

      1. 1.On indictment.

      2. 2.Summary.

      3. 1.On indictment

      4. 2.Summary

      5. 1.On indictment

      6. 2.Summary

      7. 1.On indictment

      8. 2.Summary

      9. 1.On indictment

      10. 2.Summary

      11. 1.On indictment

      12. 2.Summary

      13. 1.On indictment

      14. 2.Summary

      15. 1.On indictment

      16. 2.Summary

      17. 1.On indictment

      18. 2.Summary

      19. 1.On indictment

      20. 2.Summary

      21. 1.On indictment

      22. 2.Summary

      23. 1.On indictment

      24. 2.Summary

      25. 1.On indictment.

      26. 2.Summary.

      27. 1.On indictment.

      28. 2.Summary.

      29. 1.On indictment.

      30. 2.Summary.

      31. 1.On indictment.

      32. 2.Summary.

      33. 1.On indictment.

      34. 2.Summary.

      35. 1.On indictment.

      36. 2.Summary.

      37. 1.On indictment.

      38. 2.Summary.

      39. 1.On indictment.

      40. 2.Summary.

      41. 1.On indictment.

      42. 2.Summary.

      43. 1.On indictment.

      44. 2.Summary.

      45. 1.On indictment.

      46. 2.Summary.

      47. 1.On indictment.

      48. 2.Summary.

      49. 1.On indictment.

      50. 2.Summary.

      51. 1.On indictment.

      52. 2.Summary.

      53. 1.On indictment.

      54. 2.Summary.

      55. 1.On indictment.

      56. 2.Summary.

    14. SCHEDULE 8

      TRANSITIONAL PROVISIONS AND SAVINGS

      1. PART I COMPANY INSOLVENCY AND WINDING UP

        1. Administration orders

          1. 1.(1) Where any right to appoint an administrative receiver of a company is conferred by...

        2. Receivers and managers

          1. 2.(1) Parts IV and VII do not apply in relation to any receiver or manager...

        3. Winding up already in progress

          1. 3.(1) Subject to the following provisions of this Part, Parts V to VII do not...

        4. Statement of affairs

          1. 4.(1) Where a winding up by the High Court has commenced, or is treated as...

        5. Provisions relating to liquidator

          1. 5.(1) This paragraph applies as regards the liquidator in the case of a winding up...

        6. Saving for power to make rules

          1. 6.Paragraphs 3 to 5 are without prejudice to the power conferred by this Order under...

        7. Setting aside of preferences and other transactions

          1. 7.(1) Where a provision in Part V of this Order applies in relation to a...

      2. PART II INDIVIDUAL INSOLVENCY

        1. Bankruptcy general

          1. 8.(1) Subject to the following provisions of this Part, Parts VIII to X do not...

          2. 9.(1) In relation to any such case as is mentioned in paragraph 8(1) the references...

          3. 10.Transactions entered into before the commencement date have effect on and after that date as...

        2. Discharge from old bankruptcy

          1. 11.(1) Where a person— (a) was adjudged bankrupt before the commencement date or is adjudged...

        3. Provisions relating to trustee

          1. 12.(1) This paragraph applies as regards the trustee in the case of a person adjudged...

        4. Second bankruptcy

          1. 13.(1) Articles 307 and 308 of this Order apply with the following modifications where the...

        5. Setting aside of preferences and other transactions

          1. 14.(1) A preference given, assignment made or other transaction entered into before the commencement date...

        6. Bankruptcy offences

          1. 15.(1) Where a bankruptcy order is made under this Order on or after the commencement...

        7. Power to make rules

          1. 16.(1) The preceding provisions of this Part of this Schedule are without prejudice to the...

      3. PART III OTHER TRANSITIONAL PROVISIONS AND SAVINGS

        1. Deeds of arrangement

          1. 17.Chapter I of Part VIII does not apply in relation to any deed of arrangement...

        2. Insolvency practitioners

          1. 18.Where an individual began to act as an insolvency practitioner in relation to any person...

        3. Official receiver

          1. 19.Any property vested in the Official Assignee for bankruptcy for Northern Ireland, either alone or...

        4. Transitional effect of Articles 367 to 369

          1. 20.(1) A transaction entered into before the commencement date shall not be set aside under...

        5. Periods of time

          1. 21.Where any period of time specified in any provision repealed by Article 382 and Schedule...

        6. Saving

          1. 22.The provisions of this Schedule shall have effect without prejudice to sections 28 and 29...

        7. Interpretation

          1. 23.In this Schedule— “the Bankruptcy Acts” means the Bankruptcy Acts (Northern Ireland) 1857 to 1980...

    15. Schedule 9—Amendments

    16. Schedule 10—Repeals

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