# The Insolvency (Monetary Limits) (Amendment) Order (Northern Ireland) 2011, Article 5: Amendments to the principal Order


For the Schedule substitute—
“SCHEDULE
PART 1
Article 2A
Monetary Limits for Purposes of Part VIIA of the Insolvency (Northern Ireland) Order 1989
Column 1
Article of Order
Column 2
Short Description
Column 3
Monetary Amount
208S(4)
Maximum amount of credit which a person in respect of whom a debt relief order is made may obtain without disclosure of his status.
£500
Schedule 2ZA
Monetary conditions which must be satisfied for a debt relief order to be made—
(a) paragraph 6(1)
(a) maximum amount of a person’s debts:
£15,000
(b) paragraph 7(1)
(b) maximum amount of monthly surplus income:
£50
(c) paragraph 8(1)
(c) maximum total value of property:
£300
PART 2
Article 3
Monetary Limits for Purposes of Part IX of the Insolvency (Northern Ireland) 0rder 1989
Column 1
Article of Order
Column 2
Short Description
Column 3
Monetary
247(1)(a)
Maximum 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.
£40,000
247(1)(b)
Minimum potential value of bankrupt’s estate for case to be referred as described above.
£4,000
286A(2)
Minimum value of interests in a dwelling-house for application by trustee for order for sale, possession or an order under Article 286.
£1,000
325(1) and (3)
Minimum amount of concealed debt, or value of property concealed or removed, determining criminal liability under the Article.
£1,000
329(1)
Minimum value of property taken by a bankrupt out of Northern Ireland, determining his criminal liability.
£1,000
331(1)
Maximum amount of credit which bankrupt may obtain without disclosure of his status.
£500
335(2)(d)
Minimum value of goods removed by the bankrupt, determining his liability to arrest.
£1,000
”

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Source: https://www.legislation.gov.uk/nidsr/2011/9780337983115/article/5 (the official version)
Page: https://openlegislation.uk/draft-insolvency-monetary-limits-amendment-order-northern-ireland-2011/article-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.