OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(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.