# Insolvency (Deposits) (Amendment) Order (Northern Ireland) 1996

S.R. 1996/577 · made 10 December 1996

This Order amends the Insolvency (Deposits) Order (Northern Ireland) 1991 by increasing, with effect from 31st January 1997, the deposits payable to the official receiver on presentation of a bankruptcy or winding-up petition.

## Introductory text

INSOLVENCY
Made 10th December 1996
Coming into operation 31st January 1997
The Department of Economic Development, in exercise of the powers conferred on it by Article 361(2) and (3) of the Insolvency (Northern Ireland) Order 1989 and of every other power enabling it in that behalf, with the concurrence of the Department of Finance and Personnel, hereby makes the following Order:

## 1 Citation and commencement

This Order may be cited as the Insolvency (Deposits) (Amendment) Order (Northern Ireland) 1996 and shall come into operation on 31st January 1997.

## 2 Interpretation

In this Order—
“the Order” means the Insolvency (Northern Ireland) Order 1989.

## 3 Amendment of the Insolvency (Deposits) Order (Northern Ireland) 1991

In the Insolvency (Deposits) Order (Northern Ireland) 1991 for Article 4 (Amount of deposit) there shall be substituted—
“4 The appropriate deposit referred to in Article 3 is—
(a) in relation to a winding-up petition to be presented under the Order, £500;
(b) in relation to a bankruptcy petition to be presented under Article 238(1)(b) of the Order, £250;
(c) in relation to a bankruptcy petition to be presented under Article 238(1)(a), (c) or (d) of the Order, £300.”.

## Signature

Sealed with the Official Seal of the Department of Economic Development on 10th December 1996.
L.S.
A. L. Brown
Assistant Secretary
The Department of Finance and Personnel hereby concurs with the foregoing Order.
Sealed with the Official Seal of the Department of Finance and Personnel on 10th December 1996.
L.S.
D. Thomson
Assistant Secretary

## Explanatory note

(This note is not part of the Order.)
This Order amends the Insolvency (Deposits) Order (Northern Ireland) 1991 by increasing, with effect from 31st January 1997, the deposits payable to the official receiver on presentation of a bankruptcy or winding-up petition.
The deposit in relation to a winding-up petition is increased from £270 to £500.
The deposit in relation to an individual’s own bankruptcy petition is increased from £135 to £250.
The deposit in relation to other bankruptcy petitions is increased from £270 to £300.

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Source: https://www.legislation.gov.uk/nisr/1996/577 (the official version)
Page: https://openlegislation.uk/insolvency-deposits-amendment-order-northern-ireland-1996
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.