{
  "url": "https://openlegislation.uk/insolvency-proceedings-monetary-limits-amendment-order-2015/note",
  "json_url": "https://openlegislation.uk/insolvency-proceedings-monetary-limits-amendment-order-2015/note.json",
  "legislation": "uksi/2015/26",
  "legislation_title": "The Insolvency Proceedings (Monetary Limits) (Amendment) Order 2015",
  "legislation_url": "https://openlegislation.uk/insolvency-proceedings-monetary-limits-amendment-order-2015",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order makes amendments to Insolvency Proceedings (Monetary Limits) Order 1986.\nArticle 2 increases the maximum amount of debt and the maximum total value of property which a person may have in order to be eligible for a debt relief order. Property excludes a debtor’s domestic motor vehicle up to a value of £1,000 (see Rule 5A, paragraph 10 of the Insolvency Rules 1986).\nArticle 3 provides that the increases apply only to applications made to the official receiver on or after 1st October 2015.\nA full impact assessment of the effect that the instrument will have on the costs of business and the voluntary sector is available from the Insolvency Service, 4 Abbey Orchard Street, London SW1P 2HT and is published on the Insolvency Service website www.insolvency.gov.uk. It is also published with the Explanatory Memorandum alongside the instrument on www.legislation.gov.uk.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/26/note",
    "retrieved_at": "2026-10-28T23:50:12.388715+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."
}