
1 
This Order may be cited as the Insolvency (Monetary Limits) Order (Northern Ireland) 1991 and shall come into operation on 1st October 1991.
2 
In this Order “the Order” means the Insolvency (Northern Ireland) Order 1989.
3 
The amounts specified for the purposes of the provisions in Part IX of the Order (bankruptcy) set out in column 1 of the Schedule (shortly described in column 2) are the amounts specified in column 3 in relation to those provisions.
Sealed with the Official Seal of the Department of Economic Development on 20th August 1991.
A. H. McAlister
Assistant Secretary

SCHEDULE
Article 3


Column 1 Article of the Order Column 2 Short Description  Column 3 Monetary Limit 
247(1)(a) Maximum level of unsecured bankruptcy debts on debtor’s petition for case to be referred to insolvency practitioner to assess the possibility of voluntary arrangement with creditors. £20,000
247(1)(b) Minimum potential value of bankrupt’s estate for case to be referred as described above. £2,000
325(1)and(3) Minimum amount of concealed debt, or value of property concealed or removed, determining criminal liability under the Article. £500
329(1) Minimum value of property taken by a bankrupt out of Northern Ireland determining his criminal liability. £500
333(1) Maximum amount of credit which bankrupt may obtain without disclosure of his status. £250
332(2) Exemption of bankrupt from criminal liability for failure to keep proper accountancy records, if unsecured liabilities not more than the prescribed minimum. £20,000
335(2)(d) Minimum value of goods removed by the bankrupt, determining his liability to arrest. £500