SCHEDULES

F1SCHEDULE 4ZAConditions for making a debt relief order

Part 2Other conditions

9

(1)

The debtor has not entered into a transaction with any person at an undervalue during the period between—

(a)

the start of the period of two years ending with the application date; and

(b)

the determination date.

(2)

For this purpose a debtor enters into a transaction with a person at an undervalue if—

(a)

he makes a gift to that person or he otherwise enters into a transaction with that person on terms that provide for him to receive no consideration;

(b)

he enters into a transaction with that person in consideration of marriage or the formation of a civil partnership; or

(c)

he enters into a transaction with that person for a consideration the value of which, in money or money's worth, is significantly less than the value, in money or money's worth, of the consideration provided by the individual.