No versions valid at: 26/07/1994
Point in time view as at 26/07/1994. This version of this cross heading contains provisions that are not valid for this point in time.
Insolvency Act 1986, Cross Heading: Limit on debtor's monthly surplus income is up to date with all changes known to be in force on or before 09 March 2025. 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.
Valid from 24/02/2009
Textual Amendments
F1Sch. 4ZA inserted (24.2.2009 for certain purposes otherwise 6.4.2009) by Tribunals, Courts and Enforcement Act 2007 (c. 15), ss. 108(2), 148(5), Sch. 18; S.I. 2009/382, art. 2
7(1)The debtor's monthly surplus income (if any) on the determination date does not exceed the prescribed amount.E+W
(2)For this purpose “monthly surplus income” is the amount by which a person's monthly income exceeds the amount necessary for the reasonable domestic needs of himself and his family.
(3)The rules may—
(a)make provision as to how the debtor's monthly surplus income is to be determined;
(b)provide that particular descriptions of income are to be excluded for the purposes of this paragraph.]
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