[Part VIIA Debt Relief Orders] (ss [251A-[251X)
[Part VIIA Debt Relief Orders] (ss [251A-[251X)

[251A Debt relief orders]

[(1)     An individual who is unable to pay his debts may apply for an order under this Part (“a debt relief order”) to be made in respect of his qualifying debts.

(2)     In this Part “qualifying debt” means (subject to subsection (3)) a debt which—

(a)     is for a liquidated sum payable either immediately or at some certain future time; and

(b)     is not an excluded debt.

(3)     A debt is not a qualifying debt to the extent that it is secured.

(4)     In this Part “excluded debt” means a debt of any description prescribed for the purposes of this subsection.]


[251B Making of application]

[(1)     An application for a debt relief order must be made to the official receiver through an approved intermediary.

(2)     The application must include—

(a)     a list of the debts to which the debtor is subject at the date of the application, specifying the amount of each debt (including any interest, penalty or other sum that has become payable in relation to that debt on or before that date) and the creditor to whom it is owed;

(b)     details of any security held in respect of any of those debts; and

(c)     such other information about the debtor's affairs (including his creditors, debts and liabilities and his income and assets) as may be prescribed.

(3)     The rules may make further provision as to—

(a)     the form of an application for a debt relief order;

(b)     the manner in which an application is to be made; and

Popular documents