Committee for the Economy

Committee Stage - The Insolvency (Amendment) Bill

The Insolvency (Amendment) Bill was formally introduced by the Minister of Economy on 23 June 2025. The Bill completed its Second Stage on 1 July  2025.

As part of the Assembly’s legislative processes, the Insolvency (Amendment) Bill has been referred to the Assembly’s Committee for the Economy so that the Committee can consider and take evidence on the Bill and report its opinion to the Assembly.

As part of the Committee Stage the Committee lsought views from stakeholders on the objectives, proposals and potential consequences of the Bill. The deadline for submissions was 30 September 2025. The Committee is now in the process of considering this evidence.

Should you have any queries in respect of the Committee Stage of the Bill , please do not hesitate to contact Committee staff at the following email address: Committee.Economy@niassembly.gov.uk.

Quick Links:

• Bill as introduced
• Explanatory and Financial Memorandum (EFM) as Introduced 

An Explanatory and Financial Memorandum (EFM) is a document that accompanies a bill. It provides a detailed explanation of the bill's purpose, background, policy objectives, and its potential financial, human rights, and other impacts.

 Useful Information:

• View the current progress of the Bill
• Privacy Notice - Committees of the Northern Ireland Assembly