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StatuteTribunals, Courts and Enforcement Act 2007

Section 114 — Tribunals, Courts and Enforcement Act 2007: Discharge from specified debts

Text of the provision Official document

Discharge from specified debts 114 1 This section applies if—

a a debt repayment plan is arranged for a non-business debtor in accordance with an approved scheme, and b the plan comes into effect.

2 The debtor is discharged from the debts that are specified in the plan.

3 The discharge from a particular specified debt takes effect at the time when all the required payments have been made.

4 The required payments are the payments in respect of the debt that are required by the provision included in the plan in accordance with section 110(3).

Official source: legislation.gov.uk

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Statutory text from an official public source. Informational content — does not replace advice from a qualified solicitor.