Tribunals, Courts and Enforcement Act 2007 (c. 15)

Valid from 24/02/2009

Part 5 E+W Debt management and relief

Prospective

Chapter 4 E+W Debt management schemes

Effect of plans etc. E+W

114 Discharge from specified debts E+W

(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).