http://www.legislation.gov.uk/nisi/1989/2405/article/323/made

The Insolvency (Northern Ireland) Order 1989

Courts of law

Government Printer for Northern Ireland

2016-10-18

NORTHERN IRELAND

This Order—re-enacts with amendments the provisions of the Companies (Northern Ireland) Order 1986 relating to the winding up of companies (including the winding up of companies that are not insolvent, and of unregistered companies);makes new provision for voluntary arrangements which, in certain circumstances, may be made by companies with the agreement of creditors with the intention of avoiding an insolvent winding up;re-enacts with amendments the provisions relating to deeds of arrangement;makes new provision for the insolvency and bankruptcy of individuals;provides for revised preferential debts in company and personal insolvency;makes new provision with respect to the functions and qualifications of insolvency practitioners and restricts the officers in insolvency to qualified persons;makes provision for the public administration of insolvency;provides for the penalisation and redress of malpractice and wrongdoing;makes provision for the avoidance of certain transactions at an undervalue; andrepeals the procedure of winding up of companies subject to the supervision of the High Court.