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UK Law Reference
All Statutory Instruments
NI Statutory Rule
NISR 2016/418
Northern Ireland
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The Insolvency (Monetary Limits) (Amendment) Order (Northern Ireland) 2016

The Insolvency (Monetary Limits) (Amendment) Order (Northern Ireland) 2016

Independent editorial summary — not the official statute text. Read the official version on legislation.gov.uk.

Type: NI Statutory Rule

Year: 2016

Number: 418

Made: 2016-11-29

Last ingested: 2026-06-12 from legislation.gov.uk.

Read the full text on legislation.gov.uk

Explanatory note

Reproduced verbatim from the instrument as published on legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). The note is prepared by the responsible government department and is not part of the instrument itself.

This Order makes amendments to the Insolvency (Monetary Limits) Order (Northern Ireland) 1991 (“the Principal Order”).

Article 3 increases the maximum amount of debt and 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 14 of the Insolvency Rules (Northern Ireland) 1991.

Article 4 provides that the increases apply only to applications made to the official receiver on or after the day on which this Order comes into operation.

Other NISRs from 2016