Personal Insolvency Act 2012


Payment by specified debtor of portion of specified debts.

37.— (1) A specified debtor may, at any time during the supervision period concerned, pay a sum to the Insolvency Service in accordance with this section.

F35[(2) Where

(a) a sum is paid by a specified debtor under this section, or surrendered by him or her under subsection (2) or (3) of section 36, that is, or

(b) the aggregate of the sums so paid or so surrendered is,

in an amount that is not less than 50 per cent of the total value of the specified qualifying debts concerned, subsection (3) shall apply.

(3) Where this subsection applies

(a) the Debt Relief Notice concerned shall cease to have effect,

(b) the specified debtor shall stand discharged from all of the specified qualifying debts, and

(c) the Insolvency Service shall, within 3 months of the date on which paragraph (a) or (b), as the case may be, of subsection (2) applies, remove from the Register of Debt Relief Notices all information recorded in it in respect of the Debt Relief Notice.]




Substituted (31.07.2013) by Courts and Civil Law (Miscellaneous Provisions) Act 2013 (32/2013), s. 55, S.I. No. 286 of 2013.