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The Insolvency Act 1986 (Amendment) Order 2015

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Explanatory Memorandum
Explanatory Memorandum
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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- The estimated costs and benefits of proposed measures.
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Amendment to the Insolvency Act 1986

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2. In section 267(4) of the Insolvency Act 1986 (grounds of creditor’s petition) for “£750” substitute “£5,000”.

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