PART 6Debtor's contribution
Payments by debtor following sequestration
I191Debtor contribution order: payment period and intervals
1
A debtor contribution order must contain provision requiring the debtor to pay the debtor's contribution (if not zero)—
a
during the payment period, and
b
at regular intervals determined by the person making or varying the order.
2
In subsection (1)(a), “payment period” means—
a
the 48 months beginning with the date of the first payment,
b
such shorter period as is determined by the person making or varying the order, or
c
such longer period as is—
i
determined by the trustee where there is a period during which the debtor did not pay an amount required under the debtor contribution order, or
ii
agreed by the debtor and the trustee.
3
The person making or varying the order may determine a shorter period under subsection (2)(b) only if, in the opinion of that person, the value of—
a
the debtor's contribution during the shorter period, and
b
any other estate of the debtor taken possession of by the trustee,
would be sufficient to allow a distribution of the debtor's estate to meet in full all of the debts mentioned in section 129.
4
AiB must, when making a debtor contribution order—
a
determine the date of the first payment, or
b
in a case where the debtor's contribution is fixed as zero, determine the date which is to be deemed the date of the first payment under the order.