Part 5

Debt management and relief
Chapter 4

Debt management schemes

Introductory

Debt repayment plans
110
1
A debt repayment plan is a plan that meets the conditions in this section.
2
The plan must specify all of the debtor's qualifying debts.
3
The plan must require the debtor to make payments in respect of each of the specified debts.
4
It does not matter if—
a
the plan requires payments of different amounts to be made in respect of a specified debt at different times;
b
the payments that the plan requires to be made in respect of a specified debt would, if all made, repay the debt only in part.