Tribunals, Courts and Enforcement Act 2007
2007 CHAPTER 15
Part 5: Debt Management and Relief
Commentary on Sections: Part 5
Part 2 - Other conditions
Schedule 21 – Regulations under sections 111 and 113
Section 132: Expressions relating to debts
613.This section defines a “qualifying debt” as any debt that is not secured against an asset or which cannot, by virtue of the terms of the DMS, be included in the plan. A “business debt” is defined as a debt incurred in the course of a business.
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