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Explanatory Memorandum to Insolvency (Northern Ireland) Order 2005

  • Explanatory Memorandum Table of contents

Please note:

All reference to 'Parts' and 'sections' are from the Explanatory Memorandum to Insolvency (Northern Ireland) Order 2005. For other versions of these Explanatory Memorandum, see More Resources.

  1. Introduction

  2. Background and Policy Objectives

  3. Consultation

  4. Main Elements of the Order

  5. Commentary on Provisions

    1. Article 3 (Replacement of Part III of the 1989 Order) and Schedules 1 and 2

    2. Schedule 1

    3. Schedule 2

    4. Article 4: Special administration regimes

    5. Article 5: Prohibition of appointment of administrative receiver

    6. Article 6: Abolition of Crown Preference

    7. Article 7: Unsecured creditors

    8. Article 8: Liquidator’s powers

    9. Article 9: Application of insolvency law to company incorporated outside Northern Ireland

    10. Article 10: Application of law about company arrangement or administration to non-company

    11. Article 11: Voluntary arrangements: minor amendments

    12. Article 12: Duration of and discharge from, bankruptcy

    13. Article 13, Schedule 5 and Schedule 6: Post-discharge restrictions

    14. Article 14: Investigation by Official Receiver

    15. Article 15: Income Payments Order

    16. Article 16: Income Payments Agreement

    17. Article 17: Bankrupt’s Home

    18. Article 18: Bankrupt’s Home: civil partnership

    19. Article 19: Powers of trustee in bankruptcy

    20. Article 20: Repeal of certain bankruptcy offences

    21. Article 21: Individual Voluntary Arrangements

    22. Article 22: Disqualification for office: the Assembly

    23. Article 23: Disqualification for office: district councils

    24. Article 24: Disqualification for office: general

    25. Article 25: Minor and consequential amendments relating to individual insolvency

    26. Article 26: Fees

    27. Article 27: Insolvency Account: interest

    28. Article 28: Insolvency Account: adjustment of balances

    29. Article 29: Transitional or transitory provision and savings

    30. Article 30: Power to make consequential amendments

    31. Article 31: Repeals

  6. Commencement

  • Explanatory Memorandum Table of contents

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