Amendments to the Insolvency Proceedings (Monetary Limits) Order 19862.
(1)
The Insolvency Proceedings (Monetary Limits) Order 19863 is amended as follows.
(2)
In column 3 (monetary amounts) of Part 2 of the Schedule—
(a)
in the entry for the maximum amount of a person’s debts, for “£20,000” substitute “£30,000”;
(b)
in the entry for the maximum amount of monthly surplus income, for “£50” substitute “£75”;
(c)
in the entry for the maximum total value of property, for “£1,000” substitute “£2,000”.