Insolvency (Amendment) Act (Northern Ireland) 2026
Insolvency (Amendment) Act (Northern Ireland) 2026 (2026 c. 6 (N.I.))
- Insolvency (Amendment) Act (Northern Ireland) 2026 (2026 c. 6 (N.I.))
- Part 1 Introductory
- 1. Introductory
- Part 2 Office-holder actions
- 2. Power for administrator to bring claim for fraudulent or wrongful trading
- 3. Power for liquidator or administrator to assign causes of action
- 4. Application of proceeds of office-holder claims
- Part 3 Removing requirements to seek sanction
- 5. Exercise of powers by liquidator: removal of need for sanction
- 6. Exercise of powers by trustee in bankruptcy: removal of need for sanction
- Part 4 Position of creditors
- Chapter 1 Principal amendments
- 7. Abolition of requirements to hold meetings: company insolvency
- 8. Abolition of requirements to hold meetings: individual insolvency
- 9. Ability for creditors to opt not to receive certain notices: company insolvency
- 10. Ability for creditors to opt not to receive certain notices: individual insolvency
- Chapter 2 Further amendments: Company insolvency
- Moratoriums
- 11. Creditor consent for the purposes of Article 13CB
- 12. Challenge to directors’ actions
- 13. Regulated companies: modifications to Part 1A
- Company voluntary arrangements
- 14. Nominee’s report on company’s proposal
- 15. Summoning of meetings
- 16. Decisions of meetings
- 17. Approval of arrangement
- 18. Effect of approval
- 19. Challenge of decisions
- 20. Supervisor of voluntary arrangement
- Administration
- 21. Administration
- 22. Offences
- Receivers and managers
- 23. Report by administrative receiver
- 24. Committee of creditors
- Winding up
- 25. Progress report to company
- 26. Final meeting prior to dissolution
- 27. Effect of company’s insolvency
- 28. Conversion to creditors’ voluntary winding up
- 29. Application of Chapter 4
- 30. Meeting of creditors
- 31. Directors’ statement of affairs to creditors
- 32. Appointment of liquidator
- 33. Appointment of liquidation committee
- 34. Creditors’ meeting where winding up converted under Article 82
- 35. Progress report to company and creditors
- 36. Final meeting prior to dissolution
- 37. Powers of directors where no liquidator appointed or nominated by company
- 38. Functions of official receiver in relation to office of liquidator
- 39. Appointment by Department
- 40. Choice of liquidator at meetings of creditors and contributories
- 41. Appointment of liquidator by High Court following administration or voluntary arrangement
- 42. Liquidation committee
- 43. Duty to summon final meeting
- 44. Delegation of High Court’s powers to liquidator
- 45. Liquidator’s powers and duties in creditors’ voluntary winding up
- 46. Liquidator’s supplementary powers
- 47. Removal of liquidator: voluntary winding up
- 48. Removal of liquidator: winding up by the High Court
- 49. Release of liquidator: voluntary winding up
- 50. Release of liquidator: winding up by the High Court
- 51. Resolutions passed at adjourned meetings
- 52. Meetings to ascertain wishes of creditors or contributories
- 53. Dissolution: voluntary winding up
- 54. Early dissolution
- 55. Dissolution in other cases
- 56. Misconduct in the course of winding up
- 57. Protection of supplies of goods and services
- 58. Penalties for offences under the 1989 Order
- Other provision
- 59. Definition of “the relevant date”
- 60. Admissibility of evidence in statement of affairs etc
- 61. Representation of corporations at meetings
- 62. Provision that may be included in company insolvency rules
- Chapter 3 Further amendments: Individual insolvency
- Individual voluntary arrangements
- 63. Nominee’s report on debtor’s proposal
- 64. Debtor’s proposal and nominee’s report
- 65. Creditors’ meeting
- 66. Decisions of creditors’ meeting
- 67. Report of decisions to High Court
- 68. Effect of approval
- 69. Additional effect on undischarged bankrupt
- 70. Challenge of meeting’s decision
- 71. Prosecution of delinquent debtors
- 72. Arrangements coming to an end prematurely
- 73. Implementation and supervision of approved voluntary arrangement
- Bankruptcy
- 74. Definition of “bankrupt’s estate”
- 75. Default in connection with voluntary arrangement
- 76. Powers of interim receiver
- 77. Appointment of trustee by Department
- 78. Trustee’s vacation of office
- 79. Release of trustee
- 80. Vacancy in office of trustee
- 81. Creditors’ committee
- 82. Trustee’s powers
- 83. Final distribution
- 84. Final meeting
- 85. Bankrupt’s home
- 86. Offence of making false statements
- 87. Provision that may be included in individual insolvency rules
- Part 5 Administration
- 88. Extension of administrator’s term of office
- 89. Administration: payments to unsecured creditors
- Part 6 Small debts
- 90. Creditors not required to prove small debts: company insolvency
- 91. Creditors not required to prove small debts: individual insolvency
- Part 7 Trustees in bankruptcy
- 92. Trustees in bankruptcy
- Part 8 Voluntary arrangements
- 93. Abolition of fast-track voluntary arrangements
- Part 9 Protection of essential supplies
- Corporate insolvency
- 94. Power to add to supplies protected under the 1989 Order
- 95. Power to give further protection to essential supplies
- Individual insolvency
- 96. Protection of supplies of water, electricity, etc
- 97. Further protection of essential supplies
- 98. Power to add to supplies protected under the 1989 Order
- 99. Power to give further protection to essential supplies
- Supplemental
- 100. Sections 94 to 99: supplemental
- Part 10 Remote attendance at meetings and use of websites
- 101. Remote attendance at meetings and use of websites
- Part 11 Other amendments relating to insolvency
- 102. Miscellaneous provision about insolvency law
- 103. Notice of proposed resolution for voluntary winding up
- 104. Notice of result of resolution to wind up voluntarily
- 105. Presentation of bankruptcy petition: conditions to be satisfied
- 106. Orders relating to recognised professional bodies to be subject to negative resolution
- Part 12 Insolvent Partnerships
- 107. Amendments of the 1995 Order
- 108. Voluntary arrangements of insolvent partnerships
- 109. Voluntary arrangements of members of insolvent partnership
- 110. Administration in relation to insolvent partnerships
- 111. Creditors’ winding-up: no concurrent petition against member
- 112. Creditors’ winding-up: concurrent petition against member or members
- 113. Members’ winding-up: concurrent petitions against all members
- 114. Individual members presenting joint petition: no winding-up of partnership
- 115. Application of the Company Directors Disqualification (Northern Ireland) Order 2002
- 116. Supplemental and transitional provision
- 117. Amendments to the Schedules to the 1995 Order
- Part 13 General
- 118. Interpretation
- 119. Power to make consequential amendments, repeals and revocations
- 120. Commencement
- 121. Short title
- Schedules
- Schedule 1 Amendments to Schedule B1 to the 1989 Order
- Schedule 2 Trustees in bankruptcy: consequential amendments
- Schedule 3 Miscellaneous amendments of insolvency law
- Part 1 Administration of companies
- Appointment of administrators
- Release of administrator
- Part 2 Winding up of companies
- Removal of power of Court to order payment into bank of money due to company
- Part 3 Disqualification of unfit directors of insolvent companies
- Application for making of disqualification order: power to require information
- Enforcement of Article 10(5) of the 2002 Order
- Amendment of Article 24 of the 2002 Order
- Part 4 Bankruptcy
- Appointment of insolvency practitioner as interim receiver
- Statement of affairs
- Part 5 Other minor amendments of the 1989 Order and other enactments
- Regulations that are not subject to negative resolution
- Companies in relation to which a voluntary arrangement may be made
- Application for winding up
- Holders of office to be qualified insolvency practitioners
- Adjudicators in England and Wales: consequential amendments
- Removal of reference to repealed provision
- Penalties and proceedings for certain offences under the 1989 Order
- Administration
- Amendment consequential on Small Business, Enterprise and Employment Act 2015
- Schedule 4 Insolvent Partnerships: Amendments to Schedules to the 1995 Order
- Part 1 Amendments to Schedule 1
- Amendments in consequence of repeal of Article 348A by paragraph 15 of Schedule 3 to the Insolvency (Amendment) Act (Northern Ireland) 2016
- Other amendments to modified Articles of the 1989 Order
- Part 2 Amendments to Schedule 2
- Part 3 Amendments to Schedule 3
- Part 4 Amendments to Schedule 4
- Part 5 Amendments to Schedule 5
- Part 6 Amendments to Schedule 6
- Part 7 Amendments to Schedule 7
- Part 8 Amendments to Schedule 8
- Part 9 Amendment to Schedule 10
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