Part 5Debt management and relief

Chapter 4Debt management schemes

Approved schemes: charging

124Charges by operator of approved scheme

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—

    1. a

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

    2. b

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