# Insolvency (Amendment) Act (Northern Ireland) 2026, Paragraph 51

Extent: N.I.
Status: prospective

For modified Article 124 (set out in paragraph 18) substitute—
“Final account
124. (1) This Article applies if it appears to the responsible insolvency practitioner of an insolvent partnership which is being wound up by virtue of Article 8 of the Insolvent Partnerships Order (Northern Ireland) 1995 and of its insolvent member or members that the winding up of the partnership or of any corporate member, or the administration of any individual member’s estate, is for practical purposes complete and the practitioner is not the official receiver.
(2) The responsible insolvency practitioner must make up an account of the winding-up or administration, showing how it has been conducted and the property disposed of.
(3) The responsible insolvency practitioner must—
(a) send a copy of the account to the creditors of the partnership, other than opted-out creditors, and
(b) give the partnership’s creditors, other than opted-out creditors, a notice explaining the effect of Article 148(4E) and how they may object to the liquidator’s release.
(4) The liquidator must during the relevant period send to the High Court and, in the case of a corporate member, send to the registrar—
(a) a copy of the account, and
(b) a statement of whether any of the partnership’s creditors objected to the liquidator’s release.
(5) The relevant period is the period of 7 days beginning with the day after the last day of the period prescribed by the rules as the period within which the creditors may object to the responsible practitioner’s release.”.

---
Source: https://www.legislation.gov.uk/nia/2026/6/schedule/4/paragraph/51 (the official version)
Page: https://openlegislation.uk/insolvency-amendment-act-northern-ireland-2026/schedule-4/paragraph-51
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.