Prospective
132Expressions relating to debtsE+W
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adran has no associated
Nodiadau Esboniadol
(1)All debts are qualifying debts, except the following—
(a)any debt secured against an asset;
(b)in relation to a debt repayment plan which has been requested or arranged, any debt which could not, by virtue of the terms of the debt management scheme, be specified in the plan.
(2)A business debt is any debt (whether or not a qualifying debt) which is incurred by a person in the course of a business.