Insolvency (Northern Ireland) Order 2005

  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