Schedule Monetary limits for purposes of Part IX of the Insolvency (Northern Ireland) Order 1989
Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:
| Column 1 Article of the Order | Column 2 Short Description | Column 3 Monetary Limit |
|---|
| 247(1)(a) | Maximum level of unsecured bankruptcy debts on debtor’s petition for case to be referred to insolvency practitioner to assess the possibility of voluntary arrangement with creditors. | £20,000 |
| 247(1)(b) | Minimum potential value of bankrupt’s estate for case to be referred as described above. | £2,000 |
| 325(1)and(3) | Minimum amount of concealed debt, or value of property concealed or removed, determining criminal liability under the Article. | £500 |
| 329(1) | Minimum value of property taken by a bankrupt out of Northern Ireland determining his criminal liability. | £500 |
| 333(1) | Maximum amount of credit which bankrupt may obtain without disclosure of his status. | £250 |
| 332(2) | Exemption of bankrupt from criminal liability for failure to keep proper accountancy records, if unsecured liabilities not more than the prescribed minimum. | £20,000 |
| 335(2)(d) | Minimum value of goods removed by the bankrupt, determining his liability to arrest. | £500 |