This Order (which extends only extend to England and Wales) amends the Insolvency Act 1986. It increases the bankruptcy level. This is the minimum debt or minimum total debts due to a creditor before that creditor can petition for bankruptcy of the debtor. The increase applies only to petitions presented on or after 1st October 2015.
The Insolvency Act 1986 (Amendment) Order 2015
Transitional Provision3
The amendments made by this Order apply only to petitions presented on or after 1st October 2015.