SCHEDULE 17 Part 7A of the Insolvency Act 1986

SCHEDULE 17 Part 7A of the Insolvency Act 1986

Section 108(1)

“Part 7A
Debt Relief Orders
Preliminary
Debt relief orders
251A

(1)     An individual who is unable to pay his debts may apply for an order under this Part (“a debt relief orderâ€) 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.

Applications for a debt relief order
Making of application
251B

(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

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