|
|
|
Amendment of section 37 of Act of 2012
|
| |
|
|
| |
55. Section 37 of the Act of 2012 is amended by substituting the following for subsections (2) and (3):
|
|
| |
“(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.”.
|
