The Insolvency Proceedings (Monetary Limits) (Amendment) Order 2004

Article 2

SCHEDULE MONETARY AMOUNTS FOR PURPOSES OF SECOND GROUP OF PARTS OF INSOLVENCY ACT 1986

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