Amendments to the Insolvency Proceedings (Monetary Limits) Order 1986

2.—(1) The Insolvency Proceedings (Monetary Limits) Order 1986(1) 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”.

(1)

S.I. 1986/1996. Relevant amendments were made by S.I. 2004/547, S.I. 2009/465 and S.I. 2015/26.