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Explanatory Memorandum to Insolvency (Northern Ireland) Order 2002

Introduction

1.The Insolvency (Northern Ireland) Order 2002 (“the Order”) was made on 17th December 2002.

2.This Explanatory Memorandum has been prepared by the Department of Enterprise, Trade and Investment (“the Department”) in order to assist the reader in understanding the Order and to help inform debate on it. It does not form part of the Order.

3.The Memorandum needs to be read in conjunction with the Order. It does not give, and is not meant to be, a comprehensive description of the Order. So where an Article or part of an Article does not seem to require any explanation or comment, none is given.

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