PART 15Moratorium on diligence

I1195Moratorium on diligence: notice of intention to make debtor application under section 2(1)(a)

1

A person may give written notice to AiB of the person's intention—

a

to make a debtor application under section 2(1)(a),

b

to seek to fulfil the conditions required in order for a trust deed granted by or on behalf of that person to be granted the status of protected trust deed, or

c

to apply for the approval of a debt payment programme in accordance with section 2 of the 2002 Act.

2

A person may not give notice under subsection (1) if that person has given such notice in the immediately preceding 12 months.

3

AiB must, without delay after receipt of a notice under subsection (1), enter in the registers mentioned in subsection (4)—

a

the name of the person who gave the notice, and

b

such other information as AiB considers appropriate in relation to that person.

4

The registers are—

a

the register of insolvencies, and

b

the register of debt payment programmes (in this Part referred to as the “DAS register”) established and maintained in accordance with section 7 of the 2002 Act.