- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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The Insolvency (Northern Ireland) Order 1989
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Rhagor o Adnoddau
Changes over time for: Section 208I
No versions valid at: 01/10/2008
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- 30/06/2011- Amendment
- 01/10/2008
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The Insolvency (Northern Ireland) Order 1989, Section 208I is up to date with all changes known to be in force on or before 03 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Yn ddilys o 30/06/2011
[F1Discharge from qualifying debtsN.I.
208I—(1) Subject to the following provisions of this Article, at the end of the moratorium applicable to a debt relief order the debtor is discharged from all the qualifying debts specified in the order (including all interest, penalties and other sums which may have become payable in relation to those debts since the application date).
(2) Paragraph (1) does not apply if the moratorium terminates early.
(3) Paragraph (1) does not apply in relation to any qualifying debt which the debtor incurred in respect of any fraud or fraudulent breach of trust to which the debtor was a party.
(4) The discharge of the debtor under paragraph (1) does not release any other person from—
(a)any liability (whether as partner or co-trustee of the debtor or otherwise) from which the debtor is released by the discharge; or
(b)any liability as surety for the debtor or as a person in the nature of such a surety.
(5) If the order is revoked by the High Court under Article 208M after the end of the moratorium period, the qualifying debts specified in the order shall (so far as practicable) be treated as though paragraph (1) had never applied to them.]
F1Pt. 7A (arts. 208A-208X) inserted (30.6.2011) by Debt Relief Act (Northern Ireland) 2010 (c. 16), ss. 1(b), 7(1); S.R. 2011/13, art. 2
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