# The Insolvency (Northern Ireland) Order 2005, Note: Explanatory note


(This note is not part of the Order)
This Order amends the Insolvency (Northern Ireland) Order 1989 and makes other provision about insolvency.
The Order provides for a new regime for company administration, restricts the future use of administrative receivership and abolishes Crown preference. It also establishes a new regime for the insolvency of individuals and makes changes to financial arrangements relating to functions performed by the Department of Enterprise, Trade and Investment in relation to insolvency.

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Source: https://www.legislation.gov.uk/ukdsi/2005/0110490886/note (the official version)
Page: https://openlegislation.uk/draft-insolvency-northern-ireland-order-2005/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.