SCHEDULES

[F1 SCHEDULE 2ZB N.I. DEBT RELIEF RESTRICTIONS ORDERS AND UNDERTAKINGS

F1 Sch. 2ZB inserted (30.6.2011) by Debt Relief Act (Northern Ireland) 2010 (c. 16), ss. 3, 7(1); S.R. 2011/13, art. 2

Debt relief restrictions undertaking N.I.

9— (1) A debt relief restrictions undertaking— N.I.

(a) comes into force on being accepted by the Department, and

(b) ceases to have effect at the end of a date specified in the undertaking.

(2) The date specified under sub-paragraph (1)(b) must not be—

(a) before the end of the period of 2 years beginning with the date on which the undertaking is accepted, or

(b) after the end of the period of 15 years beginning with that date.

(3) On an application by the debtor the High Court may—

(a) annul a debt relief restrictions undertaking;

(b) provide for a debt relief restrictions undertaking to cease to have effect before the date specified under sub-paragraph (1)(b).]