# Insolvency Proceedings (Monetary Limits) (Amendment) Order 2024, Note: Explanatory note


(This note is not part of the Order)
This Order amends the prescribed amount for the debtor’s overall indebtedness for the purposes of paragraph 6 of Schedule 4ZA to the Insolvency Act 1986. That Schedule sets out the conditions for making a debt relief order under Part 7A of that Act.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.
An Explanatory Memorandum has been prepared and is available alongside this Order at www.legislation.gov.uk.

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Source: https://www.legislation.gov.uk/uksi/2024/626/note (the official version)
Page: https://openlegislation.uk/insolvency-proceedings-monetary-limits-amendment-order-2024/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.