{
  "url": "https://openlegislation.uk/insolvency-monetary-limits-amendment-order-northern-ireland-2006/article-4",
  "json_url": "https://openlegislation.uk/insolvency-monetary-limits-amendment-order-northern-ireland-2006/article-4.json",
  "legislation": "nisr/2006/26",
  "legislation_title": "The Insolvency (Monetary Limits) (Amendment) Order (Northern Ireland) 2006",
  "legislation_url": "https://openlegislation.uk/insolvency-monetary-limits-amendment-order-northern-ireland-2006",
  "path": "article/4",
  "kind": "article",
  "number": "4",
  "heading": "Matters to be disregarded in determining the value of an interest for the purposes of Article 286A(2)",
  "text": "After Article 3 of the principal Order there shall be inserted—\n“4 The High Court shall, in determining the value of the bankrupt’s interest for the purposes of Article 286A(2), disregard that part of the value of the property in which the bankrupt’s interest subsists which is equal to the value of:\n(a) any loans secured by mortgage or other charge against the property;\n(b) any other third party interest; and\n(c) the reasonable costs of sale.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Article 286A was inserted into the Insolvency (Northern Ireland) Order 1989 by Article 17(3) of the Insolvency (Northern Ireland) Order 2005 S.I 2005/1455 (N.I. 10)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/2006/26/article/4",
    "retrieved_at": "2026-10-29T01:48:44.322196+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}