§ Mr. Harry BarnesTo ask the Secretary of State for Trade and Industry what is the current minimum amount of debt which has to be incurred before bankruptcy proceedings can be instigated under the provisions established in section 267(4) of the Insolvency Act 1986 (c. 45); and what plans he has to introduce a statutory instrument to increase or decrease that minimum figure.
§ Mr. Redwood[holding answer 16 March 1990]: The minimum amount is £750. There are no current plans to change that figure.