2024 No. 626
Insolvency Proceedings (Monetary Limits) (Amendment) Order 2024
Made
Laid before Parliament
Coming into force
The Secretary of State, in exercise of the powers conferred by section 418 of the Insolvency Act 19861, makes the following Order.
Citation, commencement, transitional provision and extent1
1
This Order may be cited as the Insolvency Proceedings (Monetary Limits) (Amendment) Order 2024 and comes into force on 28th June 2024.
2
The amendments made by this Order apply in relation to applications for a debt relief order made under section 251B(1)2 of the Insolvency Act 1986 on or after the date on which this Order comes into force.
3
This Order extends to England and Wales.
Amendments to the Insolvency Proceedings (Monetary Limits) Order 19862
1
The Insolvency Proceedings (Monetary Limits) Order 19863 is amended as follows.
2
In column 3 (monetary amounts) of Part 2 of the Schedule, in the entry for the maximum amount of a person’s debts, for “£30,000” substitute “£50,000”
.
(This note is not part of the Order)