80.—(1) Where a debtor who is an individual—
(a)is unable to pay forthwith the amount recoverable on foot of a money judgment for an unsecured debt; and
(b)alleges that all his unsecured debts amount in the aggregate to a sum not exceeding[F1 £5,000] or such other amount as may be prescribed, by rules (inclusive of the debt for which the judgment was obtained, but, subject to that, regardless of whether any of the debts has been the subject of a judgment or not); and
(c)furnishes to the Office a list of all his debts and the persons to whom they are owed respectively;
the Office may, on his application, make an order (an “administration order”) providing for the administration of his estate.
(2) An administration order shall not be invalid by reason only that the total amount of the debts is found at any time to exceed the amount mentioned in or prescribed under paragraph (1)( b), but this paragraph does not prejudice the power of the Office to set aside the order.
(3) In this Article and Articles 81 and 83 “unsecured debt” means a debt which is not secured by mortgage, charge or lien on the debtor's property; and in this Article and Articles 81 and 83 to 87 “debt” means, in the case of a debt for which judgment has been obtained, the amount recoverable on foot of the judgment.
F1SR 1982/121