Insolvency Act 1986

[F19(1)A debt relief restrictions undertaking—E+W

(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).]

Textual Amendments

F1Sch. 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