Draft Order laid before Parliament under section 418 of the Insolvency Act 1986 for approval by resolution of each House of Parliament.
2015 No. XXXX
The Insolvency Act 1986 (Amendment) Order 2015
Made
Coming into force
A draft of this Order has been laid before Parliament in accordance with section 267(5) of the Insolvency Act 19861 and approved by a resolution of each House of Parliament.
The Secretary of State in exercise of the power conferred by section 267(4) of that Act makes the following Order.
Citation and commencement1
This Order may be cited as the Insolvency Act 1986 (Amendment) Order 2015 and comes into force on 1st October 2015.
Amendments to the Insolvency Act 19862
In section 267(4) of the Insolvency Act 1986 (grounds of creditor’s petition) for “£750” substitute “£5,000”.
Transitional Provision3
The amendments made by this Order apply only to petitions presented on or after 1st October 2015.
(This note is not part of the Order)