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Part 5 E+WDebt management and relief

Prospective

Chapter 4E+WDebt management schemes

Approved schemes: chargingE+W

124Charges by operator of approved schemeE+W

(1)The operator of an approved scheme may recover its costs by charging debtors or affected creditors (or both).

(2)In this section—

  • “costs” means the costs which the operator incurs, taking one year with another, in connection with the approved scheme, so far as those costs are reasonable;

  • “debtors” means—

    (a)

    debtors who make requests for debt repayment plans to be arranged in accordance with the approved scheme, and

    (b)

    debtors for whom debt repayment plans are arranged in accordance with the approved scheme.