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					<dc:identifier>http://www.legislation.gov.uk/uksi/2003/2097/article/2/made</dc:identifier><dc:title>The Insolvency Act 1986 (Prescribed Part) Order 2003</dc:title><dc:subject>Small businesses</dc:subject><dc:publisher>King's Printer of Acts of Parliament</dc:publisher><dc:modified>2016-03-01</dc:modified><dc:subject scheme="SIheading">INSOLVENCY;COMPANIES</dc:subject>
					<dc:description>This Order sets out the method of calculation of the prescribed part referred to in section 176A of the Insolvency Act 1986 (c. 45), which was inserted into that Act by section 251 of the Enterprise Act 2002 (c. 40). The prescribed part is a part of the insolvency estate of a company which, but for section 176A, would have been available to the holders of debentures secured by floating charges. From the coming into force of section 176A and this Order, the amount of money reflecting the prescribed part as calculated by virtue of this Order will need to be set aside to satisfy the claims of unsecured creditors under the section.</dc:description>
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					<atom:link rel="up" href="http://www.legislation.gov.uk/uksi/2003/2097/made" title="Entire legislation"/><atom:link rel="prev" href="http://www.legislation.gov.uk/uksi/2003/2097/article/1/made" title="Provision; Article 1"/><atom:link rel="prevInForce" href="http://www.legislation.gov.uk/uksi/2003/2097/article/1/made" title="Provision; Article 1"/><atom:link rel="next" href="http://www.legislation.gov.uk/uksi/2003/2097/article/3/made" title="Provision; Article 3"/><atom:link rel="nextInForce" href="http://www.legislation.gov.uk/uksi/2003/2097/article/3/made" title="Provision; Article 3"/>
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<ukm:DateTime Date="2003-09-15"/>
</ukm:ComingIntoForce><ukm:ISBN Value="0110473426"/><ukm:UnappliedEffects><ukm:UnappliedEffect Type="applied (with modifications)" AffectedNumber="2097" URI="http://www.legislation.gov.uk/id/effect/key-99cfe602c3df5ce309ad54c6f2e049c0" RequiresApplied="true" AffectingNumber="229" AffectingEffectsExtent="E+W+S" AffectedProvisions="Order" AffectingProvisions="Sch. 5 para. 1" Modified="2020-08-05T15:38:10Z" AffectingURI="http://www.legislation.gov.uk/id/uksi/2014/229" AffectingClass="UnitedKingdomStatutoryInstrument" EffectId="key-99cfe602c3df5ce309ad54c6f2e049c0" AffectingYear="2014" AffectedYear="2003" Row="32" AffectedURI="http://www.legislation.gov.uk/id/uksi/2003/2097" AffectedClass="UnitedKingdomStatutoryInstrument"><ukm:AffectedTitle>The Insolvency Act 1986 (Prescribed Part) Order 2003</ukm:AffectedTitle><ukm:AffectedProvisions>Order</ukm:AffectedProvisions><ukm:AffectingTitle>The Industrial and Provident Societies and Credit Unions (Arrangements, Reconstructions and Administration) Order 2014</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-5" URI="http://www.legislation.gov.uk/id/uksi/2014/229/schedule/5">Sch. 5 </ukm:Section><ukm:Section Ref="schedule-5-paragraph-1" URI="http://www.legislation.gov.uk/id/uksi/2014/229/schedule/5/paragraph/1">para. 1</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="article-1" URI="http://www.legislation.gov.uk/id/uksi/2014/229/article/1">art. 1</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Date="2014-04-06" Qualification="wholly in force"/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedYear="2003" AffectingEffectsExtent="E+W" Type="applied (with modifications)" AffectingClass="UnitedKingdomStatutoryInstrument" RequiresApplied="true" AffectedProvisions="Order" Modified="2013-03-13T13:29:11.641Z" AffectingNumber="3013" AffectingProvisions="Sch. para. 2" AffectedNumber="2097" AffectingYear="2012" AffectingURI="http://www.legislation.gov.uk/id/uksi/2012/3013" Created="2013-03-13T13:29:11.641Z" AffectedClass="UnitedKingdomStatutoryInstrument" EffectId="key-796f0efe8c6fea9f174b27af76e94d77" URI="http://www.legislation.gov.uk/id/effect/upload-m7fegdv-24" AffectedURI="http://www.legislation.gov.uk/id/uksi/2003/2097"><ukm:AffectedTitle>The Insolvency Act 1986 (Prescribed Part) Order 2003</ukm:AffectedTitle><ukm:AffectedProvisions>Order</ukm:AffectedProvisions><ukm:AffectingTitle>The Charitable Incorporated Organisations (Insolvency and Dissolution) Regulations 2012</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule" URI="http://www.legislation.gov.uk/id/uksi/2012/3013/schedule">Sch. </ukm:Section><ukm:Section Ref="schedule-paragraph-2" URI="http://www.legislation.gov.uk/id/uksi/2012/3013/schedule/paragraph/2">para. 2</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="regulation-1" URI="http://www.legislation.gov.uk/id/uksi/2012/3013/regulation/1">reg. 1</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Date="2013-01-02" Qualification="wholly in force" Applied="false"/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:SecondaryMetadata>
					

                    
									 
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<Pnumber>2</Pnumber>
<P1para>
<Text>For the purposes of section 176A(3)(a) of the <Abbreviation Expansion="Insolvency Act 1986 c. 45">1986 Act</Abbreviation> the minimum value of the company’s net property is £10,000.</Text>
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