# The Insolvency Proceedings (Monetary Limits) (Amendment) Order 2021, Article 2: Amendments to the Insolvency Proceedings (Monetary Limits) Order 1986


(1) The Insolvency Proceedings (Monetary Limits) Order 1986 is amended as follows.
(2) In column 3 (monetary amounts) of Part 2 of the Schedule—
(a) in the entry for the maximum amount of a person’s debts, for “£20,000” substitute “£30,000”;
(b) in the entry for the maximum amount of monthly surplus income, for “£50” substitute “£75”;
(c) in the entry for the maximum total value of property, for “£1,000” substitute “£2,000”.

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Source: https://www.legislation.gov.uk/uksi/2021/673/article/2 (the official version)
Page: https://openlegislation.uk/insolvency-proceedings-monetary-limits-amendment-order-2021/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.