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—

(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.