# The Insolvency (Monetary Limits) Order (Northern Ireland) 1991, Schedule: Monetary limits for purposes of Part IX of the Insolvency (Northern Ireland) Order 1989


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

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Source: https://www.legislation.gov.uk/nisr/1991/386/schedule (the official version)
Page: https://openlegislation.uk/insolvency-monetary-limits-order-northern-ireland-1991/schedule
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.