Point in time view as at 27/04/2020.
Insolvency Act 1986, Cross Heading: Debt relief restrictions undertaking 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.
Textual Amendments
F1Sch. 4ZB 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. 19; S.I. 2009/382, art. 2
7(1)A debtor may offer a debt relief restrictions undertaking to the Secretary of State.E+W
(2)In determining whether to accept a debt relief restrictions undertaking the Secretary of State shall have regard to the matters specified in paragraph 2(2) and (3).
8E+WA reference in an enactment to a person in respect of whom a debt relief restrictions order has effect (or who is “the subject of” a debt relief restrictions order) includes a reference to a person in respect of whom a debt relief restrictions undertaking has effect.
9(1)A debt relief restrictions undertaking—E+W
(a)comes into force on being accepted by the Secretary of State, 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 two 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 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).]
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