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Insolvency (Amendment) Act (Northern Ireland) 2016

2016 nia 2 · Enacted 29 January 2016 · Extends to Northern Ireland

Not fully up to date. 5 changes made by later legislation have not yet been written into this text, which is revised to 4 November 2022.

See the changes not yet applied
ProvisionChangeMade by
s. 7omittedInsolvency (Amendment) Act (Northern Ireland) 2026 s. 5(6)
s. 4omittedInsolvency (Amendment) Act (Northern Ireland) 2026 s. 30(2)
s. 5(2)omittedInsolvency (Amendment) Act (Northern Ireland) 2026 s. 65(6)(b)
s. 6omittedInsolvency (Amendment) Act (Northern Ireland) 2026 s. 93(5)
s. 1omittedInsolvency (Amendment) Act (Northern Ireland) 2026 s. 101(3)(a)

An Act to amend the law relating to insolvency; and for connected purposes.

[29th January 2016]

BE IT ENACTED by being passed by the Northern Ireland Assembly and assented to by Her Majesty as follows:

Contents

  1. Provisions relating to communication Not yet in force
  2. 1Attendance at meetings and use of websites Not yet in force
  3. 2References to things in writing Not yet in force
  4. Requirements relating to meetings Not yet in force
  5. 3Removal of requirement for annual meetings in a members' voluntary and a creditors' voluntary winding up Not yet in force
  6. 4Requirements in relation to meetings under Articles 81 and 84 of the Insolvency Order Not yet in force
  7. Reports in individual voluntary arrangements
  8. 5Individual voluntary arrangements: removal of requirement to submit a nominee's report to the High Court Not yet in force
  9. 6Fast-track voluntary arrangements: notification of the Department
  10. Powers of liquidator and trustee
  11. 7Powers of liquidator exercisable with or without sanction in a winding up
  12. 8Powers of trustee exercisable with or without sanction in a bankruptcy
  13. Miscellaneous
  14. 9Definition of debt
  15. 10Treatment of liabilities relating to contracts of employment
  16. 11Deeds of arrangement
  17. 12Bankruptcy: early discharge procedure
  18. 13After-acquired property of bankrupt
  19. 14Authorisation of insolvency practitioners
  20. 15Regulatory objectives
  21. 16Oversight of recognised professional bodies
  22. 17Recognised professional bodies: revocation of recognition
  23. 18Court sanction of insolvency practitioners in public interest cases
  24. 19Power for Department to obtain information
  25. 20Compliance orders
  26. Power to establish single regulator of insolvency practitioners
  27. 21Power to establish single regulator of insolvency practitioners
  28. 22Regulations under section 21: designation of existing body
  29. 23Power to make regulations
  30. 24Company arrangement or administration provision to apply to a credit union
  31. 25Disqualification from office: duty to consult the Lord Chief Justice
  32. Supplementary
  33. 26Interpretation
  34. 27Transitional provisions, minor and consequential amendments and repeals
  35. 28Commencement
  36. 29Short title
  37. Schedule 1: SINGLE REGULATOR OF INSOLVENCY PRACTITIONERS: SUPPLEMENTARY PROVISION
  38. Operation of this Schedule
  39. 1Paragraph 1
  40. Name, members and chair
  41. 2Paragraph 2
  42. Remuneration etc.
  43. 3Paragraph 3
  44. Staff
  45. 4Paragraph 4
  46. Proceedings
  47. 5Paragraph 5
  48. Fees
  49. 6Paragraph 6
  50. Consultation
  51. 7Paragraph 7
  52. Training and other services
  53. 8Paragraph 8
  54. Report and accounts
  55. 9Paragraph 9
  56. Funding
  57. 10Paragraph 10
  58. Financial penalties
  59. 11Paragraph 11
  60. Status etc.
  61. 12Paragraph 12
  62. Transfer schemes
  63. 13Paragraph 13
  64. Additional provision where body is unincorporated association
  65. 14Paragraph 14
  66. Schedule 2: TRANSITIONAL PROVISIONS
  67. Requirements relating to meetings Not yet in force
  68. 1Paragraph 1 Not yet in force
  69. 2Paragraph 2 Not yet in force
  70. Reports in individual voluntary arrangements Not yet in force
  71. 3Paragraph 3 Not yet in force
  72. Powers of liquidator
  73. 4Paragraph 4
  74. Powers of trustee
  75. 5Paragraph 5
  76. Definition of debt
  77. 6Paragraph 6
  78. 7Paragraph 7
  79. 8Paragraph 8
  80. 9Paragraph 9
  81. 10Paragraph 10
  82. Authorisation of insolvency practitioners
  83. 11Paragraph 11
  84. 12Paragraph 12
  85. 13Paragraph 13
  86. 14Paragraph 14
  87. 15Paragraph 15
  88. 16Paragraph 16
  89. Schedule 3: MINOR AND CONSEQUENTIAL AMENDMENTS
  90. The Solicitors (Northern Ireland) Order 1976 (NI 12)
  91. 1Paragraph 1
  92. 2Paragraph 2
  93. 3Paragraph 3
  94. The Insolvency (Northern Ireland) Order 1989 (NI 19)
  95. 4Paragraph 4
  96. 5Paragraph 5
  97. 6Paragraph 6
  98. 7Paragraph 7
  99. 8Paragraph 8
  100. 9Paragraph 9
  101. 10Paragraph 10
  102. 11Paragraph 11
  103. 12Paragraph 12
  104. 13Paragraph 13
  105. 14Paragraph 14
  106. 15Paragraph 15
  107. 16Paragraph 16 Not yet in force
  108. 17Paragraph 17 Repealed
  109. 18Paragraph 18
  110. 19Paragraph 19
  111. The Pensions (Northern Ireland) Order 2005 (NI 1) Not yet in force
  112. 20Paragraph 20 Not yet in force
  113. The Insolvency (Northern Ireland) Order 2005 (NI 10) Not yet in force
  114. 21Paragraph 21 Not yet in force
  115. Schedule 4REPEALS