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The Insolvency (Northern Ireland) Order 2005

2005/1455 · Made 7 June 2005 · Extends to Northern Ireland

Not fully up to date. 4 changes made by later legislation have not yet been written into this text, which is revised to 26 June 2020.

See the changes not yet applied
ProvisionChangeMade by
art. 21(2)-(4)omittedInsolvency (Amendment) Act (Northern Ireland) 2026 s. 93(4)(a)
Sch. 7 para. 2 and headingomittedInsolvency (Amendment) Act (Northern Ireland) 2026 s. 93(4)(b)
Sch. 8 para. 6(b)omittedInsolvency (Amendment) Act (Northern Ireland) 2026 s. 93(4)(c)
art. 24(9)(a)(aa)substituted for art. 24(9)(a)Insolvency (Amendment) Act (Northern Ireland) 2026 Sch. 3 para. 19

NORTHERN IRELAND

Made 7th June 2005 C1

Coming into operation in accordance with Article 1(2) and (3)

At the Court at Buckingham Palace, the 7th day of June 2005

Present,

The Queen's Most Excellent Majesty in Council

Whereas a draft of this Order in Council has been approved by resolution of each House of Parliament:

Now, therefore, Her Majesty, in exercise of the powers conferred by paragraph 1(1) of the Schedule to the Northern Ireland Act 2000 (c. 1) and of all other powers enabling Her in that behalf, is pleased, by and with the advice of Her Privy Council, to order, and it is hereby ordered, as follows:—

Annotations to the whole text

Modifications

C1

Order: transfer of functions from Lord Chancellor to Department of Justice (12.4.2010) by Northern Ireland Act 1998 (Devolution of Policing and Justice Functions) Order 2010 (S.I. 2010/976), arts. 1(2), 15(1), Sch. 17 para. 54 (with arts. 15(6), 28-31); S.I. 2010/977, art. 1(2)

Contents

  1. Part: Introductory
  2. 1Title and commencement
  3. 2Interpretation
  4. Part: Companies etc.
  5. 3Replacement of Part III of the 1989 Order
  6. 4Special administration regimes
  7. 5Prohibition on appointment of administrative receiver
  8. 6Abolition of Crown preference
  9. 7Unsecured creditors
  10. 8Liquidator's powers
  11. 9Application of insolvency law to company incorporated outside Northern Ireland
  12. 10Application of law about company arrangement or administration to non-company etc
  13. 11Voluntary arrangements: minor amendments Repealed
  14. Part: Individuals
  15. 12Duration of, and discharge from, bankruptcy
  16. 13Post-discharge restrictions
  17. 14Investigation by official receiver
  18. 15Income payments order
  19. 16Income payments agreement
  20. 17Bankrupt's home
  21. 18Bankrupt's home: civil partnership
  22. 19Powers of trustee in bankruptcy
  23. 20Repeal of certain bankruptcy offences
  24. 21Individual voluntary arrangement
  25. 22Disqualification for office: the Assembly
  26. 23Disqualification for office: district councils
  27. 24Disqualification for office: general
  28. 25Minor and consequential amendments relating to individual insolvency
  29. Part: Money
  30. 26Fees
  31. 27Insolvency Account: interest
  32. 28Insolvency Account: adjustment of balances
  33. Part: Miscellaneous
  34. 29Transitional or transitory provision and savings
  35. 30Power to make consequential amendments etc.
  36. 31Repeals
  37. Signature
  38. Schedule 1: SCHEDULE B1 TO THE 1989 ORDER
  39. Paragraph
  40. Schedule 2: ADMINISTRATION: MINOR AND CONSEQUENTIAL AMENDMENTS
  41. Part: General
  42. 1Paragraph 1
  43. Part: ...
  44. 2Paragraph 2 Repealed
  45. 3Paragraph 3 Repealed
  46. 4Paragraph 4 Repealed
  47. Part: The Criminal Justice Act (Northern Ireland) 1945 (c. 15)
  48. 5Paragraph 5
  49. Part: The Transport Act (Northern Ireland) 1967 (c. 37)
  50. 6Paragraph 6
  51. 7Paragraph 7
  52. 8Paragraph 8 Repealed
  53. 9Paragraph 9 Repealed
  54. Part: The Solicitors (Northern Ireland) Order 1976 (NI 12)
  55. 10Paragraph 10
  56. Part: The Magistrates' Courts (Northern Ireland) Order 1981 (NI 26)
  57. 11Paragraph 11
  58. Part: The Companies (Northern Ireland) Order 1986 (NI 6)
  59. 12Paragraph 12 Repealed
  60. 13Paragraph 13 Repealed
  61. 14Paragraph 14 Repealed
  62. 15Paragraph 15 Repealed
  63. 16Paragraph 16 Repealed
  64. 17Paragraph 17 Repealed
  65. Part: The 1989 Order
  66. 18Paragraph 18
  67. 19Paragraph 19
  68. 20Paragraph 20
  69. 21Paragraph 21
  70. 22Paragraph 22
  71. 23Paragraph 23
  72. 24Paragraph 24
  73. 25Paragraph 25 Repealed
  74. 26Paragraph 26
  75. 27Paragraph 27
  76. 28Paragraph 28
  77. 29Paragraph 29
  78. 30Paragraph 30
  79. 31Paragraph 31
  80. 32Paragraph 32
  81. 33Paragraph 33
  82. 34Paragraph 34
  83. 35Paragraph 35
  84. 36Paragraph 36
  85. 37Paragraph 37
  86. 38Paragraph 38
  87. 39Paragraph 39
  88. 40Paragraph 40
  89. 41Paragraph 41
  90. 42Paragraph 42
  91. 43Paragraph 43
  92. 44Paragraph 44
  93. 45Paragraph 45 Repealed
  94. 46Paragraph 46
  95. 47Paragraph 47
  96. Part: The Companies (No. 2) (Northern Ireland) Order 1990 (NI 10)
  97. 48Paragraph 48
  98. 49Paragraph 49
  99. 50Paragraph 50
  100. 51Paragraph 51
  101. 52Paragraph 52
  102. Part: The Pension Schemes (Northern Ireland) Act 1993 (c. 49)
  103. 53Paragraph 53
  104. Part: The Employment Rights (Northern Ireland) Order 1996 (NI 16)
  105. 54Paragraph 54
  106. Part: The Construction Contracts (Northern Ireland) Order 1997 (NI 1)
  107. 55Paragraph 55
  108. Part: The Financial Services and Markets Act 2000 (c. 8)
  109. 56Paragraph 56
  110. 57Paragraph 57
  111. 58Paragraph 58
  112. 59Paragraph 59
  113. 60Paragraph 60
  114. 61Paragraph 61
  115. Part: The Company Directors Disqualification (Northern Ireland) Order 2002 (NI 4)
  116. 62Paragraph 62
  117. 63Paragraph 63
  118. 64Paragraph 64 Repealed
  119. 65Paragraph 65 Repealed
  120. Schedule 3: SCHEDULE 1A TO THE 1989 ORDER
  121. Paragraph
  122. Schedule 4: DURATION OF BANKRUPTCY: TRANSITIONAL PROVISIONS
  123. Part: Introduction
  124. 1Paragraph 1
  125. 2Paragraph 2
  126. Part: Neither old law nor new law to apply
  127. 3Paragraph 3
  128. Part: General rule for discharge from pre-commencement bankruptcy
  129. 4Paragraph 4
  130. Part: Second-time bankruptcy
  131. 5Paragraph 5
  132. Part: Solicitors
  133. 6Paragraph 6
  134. Part: Income payments order
  135. 7Paragraph 7
  136. Schedule 5: SCHEDULE 2A TO THE 1989 ORDER
  137. Paragraph
  138. Schedule 6: EFFECT OF BANKRUPTCY RESTRICTIONS ORDER AND UNDERTAKING
  139. Part: Disqualification for acting as receiver or manager
  140. 1Paragraph 1
  141. Part: Bankruptcy offences after discharge
  142. 2Paragraph 2
  143. 3Paragraph 3
  144. Part: Disqualification for acting as insolvency practitioner
  145. 4Paragraph 4 Repealed
  146. Part: Prohibition against involvement in company
  147. 5Paragraph 5
  148. Schedule 7: INDIVIDUAL VOLUNTARY ARRANGEMENT
  149. Part: Annulment of bankruptcy on making of voluntary arrangement
  150. 1Paragraph 1
  151. Part: Fast-track for making voluntary arrangement
  152. 2Paragraph 2
  153. Part: Role of official receiver
  154. 3Paragraph 3
  155. Schedule 8: INDIVIDUAL INSOLVENCY: MINOR AND CONSEQUENTIAL AMENDMENTS
  156. 1Paragraph 1
  157. 2Paragraph 2
  158. 3Paragraph 3
  159. 4Paragraph 4
  160. 5Paragraph 5
  161. 6Paragraph 6
  162. 7Paragraph 7
  163. 8Paragraph 8
  164. 9Paragraph 9
  165. 10Paragraph 10
  166. 11Paragraph 11
  167. 12Paragraph 12
  168. 13Paragraph 13
  169. 14Paragraph 14
  170. 15Paragraph 15
  171. 16Paragraph 16
  172. 17Paragraph 17
  173. Schedule 9REPEALS
  174. Explanatory note