The Department for the Economy has made a Statutory Rule entitled the Insolvency (Northern Ireland) Order 1989 (Amendment) Order (Northern Ireland) 2016 (S.R.2016 No. 369), which was affirmed by resolution of the Assembly on the 29 November 2016 and comes into operation the day after.

This Order amends the Insolvency (Northern Ireland) Order 1989. It increases the bankruptcy level from £750 to £5,000. This is the minimum debt or minimum total debts due to a creditor before that creditor can petition for bankruptcy of the debtor.

Copies of the Rule may be purchased from The Stationery Office at www.tsoshop.co.uk or by contacting TSO Customer Services on 0333 202 5070 and can be viewed online at http://www.legislation.gov.uk/nisr