SCHEDULES
F1SCHEDULE 4ZBDebt relief restrictions orders and undertakings
Debt relief restrictions undertaking
7
1
A debtor may offer a debt relief restrictions undertaking to the Secretary of State.
2
In determining whether to accept a debt relief restrictions undertaking the Secretary of State shall have regard to the matters specified in paragraph 2(2) and (3).
8
A reference in an enactment to a person in respect of whom a debt relief restrictions order has effect (or who is “the subject of” a debt relief restrictions order) includes a reference to a person in respect of whom a debt relief restrictions undertaking has effect.
9
1
A debt relief restrictions undertaking—
a
comes into force on being accepted by the Secretary of State, and
b
ceases to have effect at the end of a date specified in the undertaking.
2
The date specified under sub-paragraph (1)(b) must not be—
a
before the end of the period of two years beginning with the date on which the undertaking is accepted, or
b
after the end of the period of 15 years beginning with that date.
3
On an application by the debtor the court may—
a
annul a debt relief restrictions undertaking;
b
provide for a debt relief restrictions undertaking to cease to have effect before the date specified under sub-paragraph (1)(b).
Sch. 4ZB inserted (24.2.2009 for certain purposes otherwise 6.4.2009) by Tribunals, Courts and Enforcement Act 2007 (c. 15), ss. 108(2), 148(5), Sch. 19; S.I. 2009/382, art. 2