{
  "url": "https://openlegislation.uk/draft-insolvency-monetary-limits-amendment-order-northern-ireland-2011/article-5",
  "json_url": "https://openlegislation.uk/draft-insolvency-monetary-limits-amendment-order-northern-ireland-2011/article-5.json",
  "legislation": "nidsr/2011/9780337983115",
  "legislation_title": "The Insolvency (Monetary Limits) (Amendment) Order (Northern Ireland) 2011",
  "legislation_url": "https://openlegislation.uk/draft-insolvency-monetary-limits-amendment-order-northern-ireland-2011",
  "path": "article/5",
  "kind": "article",
  "number": "5",
  "heading": "Amendments to the principal Order",
  "text": "For the Schedule substitute—\n“SCHEDULE\nPART 1\nArticle 2A\nMonetary Limits for Purposes of Part VIIA of the Insolvency (Northern Ireland) Order 1989\nColumn 1\nArticle of Order\nColumn 2\nShort Description\nColumn 3\nMonetary Amount\n208S(4)\nMaximum amount of credit which a person in respect of whom a debt relief order is made may obtain without disclosure of his status.\n£500\nSchedule 2ZA\nMonetary conditions which must be satisfied for a debt relief order to be made—\n(a) paragraph 6(1)\n(a) maximum amount of a person’s debts:\n£15,000\n(b) paragraph 7(1)\n(b) maximum amount of monthly surplus income:\n£50\n(c) paragraph 8(1)\n(c) maximum total value of property:\n£300\nPART 2\nArticle 3\nMonetary Limits for Purposes of Part IX of the Insolvency (Northern Ireland) 0rder 1989\nColumn 1\nArticle of Order\nColumn 2\nShort Description\nColumn 3\nMonetary\n247(1)(a)\nMaximum level of unsecured bankruptcy debts on debtor’s petition for case to be referred to insolvency practitioner to assess possibility of voluntary arrangement with creditors.\n£40,000\n247(1)(b)\nMinimum potential value of bankrupt’s estate for case to be referred as described above.\n£4,000\n286A(2)\nMinimum value of interests in a dwelling-house for application by trustee for order for sale, possession or an order under Article 286.\n£1,000\n325(1) and (3)\nMinimum amount of concealed debt, or value of property concealed or removed, determining criminal liability under the Article.\n£1,000\n329(1)\nMinimum value of property taken by a bankrupt out of Northern Ireland, determining his criminal liability.\n£1,000\n331(1)\nMaximum amount of credit which bankrupt may obtain without disclosure of his status.\n£500\n335(2)(d)\nMinimum value of goods removed by the bankrupt, determining his liability to arrest.\n£1,000\n”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nidsr/2011/9780337983115/article/5",
    "retrieved_at": "2026-10-30T15:41:26.678957+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}