[251A Debt relief orders]
[251A Debt relief orders]
Insolvency Act 1986 (1986 c 45) | Legislation

The Second Group of Parts
Insolvency of Individuals; Bankruptcy

[Part VIIA Debt Relief Orders]

[Preliminary]

[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

 

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