# The Insolvency Proceedings (Monetary Limits) (Amendment) Order 2009

S.I. 2009/465 · made 2 March 2009

This Order amends the Insolvency Proceedings (Monetary Limits) Order 1986. It prescribes monetary limits for the purposes of section 251S of, and paragraphs 6(1), 7(1) and 8(1) of Schedule 4ZB to, the Insolvency Act 1986. Section 251S provides for the maximum amount of credit which a debtor subject to a debt relief order may obtain without disclosure of his status. Paragraphs 6(1), 7(1) and 8(1) limit, respectively, the maximum amount of debt, the maximum amount of monthly surplus income and the maximum total value of property which a person may have in order to be eligible for a debt relief order.

Made under: Insolvency Act 1986 (Section 418)

PDFs: Printed copy https://openlegislation.uk/insolvency-proceedings-monetary-limits-amendment-order-2009/pdf/uksi_20090465_en.pdf; Explanatory Memorandum https://openlegislation.uk/insolvency-proceedings-monetary-limits-amendment-order-2009/pdf/uksiem_20090465_en.pdf

## Introductory text

Insolvency
Individuals, England And Wales
Made 2nd March 2009
Laid before Parliament 5th March 2009
Coming into force 6th April 2009
The Secretary of State, in exercise of the powers conferred by section 418 of the Insolvency Act 1986, makes the following Order:—

## 1 Citation, commencement and interpretation

(1) This Order may be cited as the Insolvency Proceedings (Monetary Limits) (Amendment) Order 2009 and comes into force on 6th April 2009.
(2) In this Order—
“the Act” means the Insolvency Act 1986, and
“the principal Order” is the Insolvency Proceedings (Monetary Limits) Order 1986.

## 2 Amendments to the principal Order

In article 3 of the principal Order, for “(bankruptcy)” substitute “(bankruptcy and debt relief orders)”.

## 3 Amendments to the principal Order

In Part 2 of the Schedule to the principal Order,
(a) at the beginning of the list insert—
“
251S(4)
Maximum amount of credit which a person in
respect of whom a debt relief order is made may obtain without disclosure of his status
£500
”
(b) at the end of the list insert—
“
Schedule 4ZA—
Monetary conditions which must be satisfied for a debt relief order to be made—
(a) paragraph 6(1)
(a) maximum amount of a person’s debts:
£15,000
(b) paragraph 7(1)
(b) maximum amount of monthly surplus income:
£50
(c) paragraph 8(1)
(c) maximum total value of property:
£300
”

## Signature

Pat McFadden
Minister of State for Employment Relations and Postal Affairs
Department for Business, Enterprise and Regulatory Reform
2nd March 2009

## Explanatory note

(This note is not part of the Order)
This Order amends the Insolvency Proceedings (Monetary Limits) Order 1986. It prescribes monetary limits for the purposes of section 251S of, and paragraphs 6(1), 7(1) and 8(1) of Schedule 4ZB to, the Insolvency Act 1986. Section 251S provides for the maximum amount of credit which a debtor subject to a debt relief order may obtain without disclosure of his status. Paragraphs 6(1), 7(1) and 8(1) limit, respectively, the maximum amount of debt, the maximum amount of monthly surplus income and the maximum total value of property which a person may have in order to be eligible for a debt relief order.
An impact assessment was prepared in respect of debt relief orders for the Tribunals, Courts and Enforcement Act 2007. It may be consulted on the website: www.dca.gov.uk/consult/debt or www.insolvency.gov.uk.htm.

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Source: https://www.legislation.gov.uk/uksi/2009/465 (the official version)
Page: https://openlegislation.uk/insolvency-proceedings-monetary-limits-amendment-order-2009
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.