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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Insolvency Proceedings (Monetary Limits) (Amendment) Order 2004 No. 547 URL: http://www.bailii.org/uk/legis/num_reg/2004/20040547.html |
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| Made | 27th February 2004 | ||
| Laid before Parliament | 2nd March 2004 | ||
| Coming into force | 1st April 2004 |
Gerry Sutcliffe
Parlimentary Under Secretary of State For Employment Relations, Competition and Consumers, Department of Trade and Industry
27th February 2004
| Section of the Act (1) | Short Description (2) | Monetary Amount (3) |
| 273(1)(a) | Maximum level of unsecured bankruptcy debts on debtor's petition for case to be referred to insolvency practitioner to assess possibility of voluntary arrangement with creditors. | £40,000 |
| 273(1)(b) | Minimum potentital value of bankrupt's estate for case to be referred as described above. | £4,000 |
| 313A(2) | Minimum value of interests in a dwelling-house for application by trustee for order for sale, possession or an order under section 313. | £1,000 |
| 346(3) | Minimum amount of judgment, determining whether amount recovered on sale of debtor's goods is to be treated as part of his estate in bankruptcy. | £1,000 |
| 354(1) and (2) | Minimum amount of concealed debt, or value of property concealed or removed, determining criminal liability under the section. | £1,000 |
| 358 | Minimum value of property taken by a bankrupt out of England and Wales, determining his criminal liability. | £1,000 |
| 360(1) | Maximum amount of credit which bankrupt may obtain without disclosure of his status. | £500 |
| 364(2)(d) | Minimum value of goods removed by the bankrupt, determining his liability to arrest. | £1,000 |
| Section | Current Monetary Amount | New Monetary Amount |
| 273(1)(a) | £20,000 | £40,000 |
| 273(1)(b) | £2,000 | £4,000 |
| 346(3) | £500 | £1,000 |
| 354(1) and (2) | £500 | £1,000 |
| 358 | £500 | £1,000 |
| 360(1) | £250 | £500 |
| 364(2)(d) | £500 | £1,000 |