Companies (Miscellaneous Provisions) Act 2013
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Amendment of Personal Insolvency Act 2012 | ||
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9. The Personal Insolvency Act 2012 is amended— | ||
(a) in section 25, by substituting the following definition for the definition of “debt”: | ||
“ ‘debt’, in relation to a debtor, means a debt for a liquidated sum that, on the application date, is payable either immediately or at some certain future time;”, | ||
(b) in section 26, by deleting subsection (4), | ||
(c) in section 27(6), by substituting the following for paragraph (a): | ||
“(a) the information contained in the debtor’s Prescribed Financial Statement is true and accurate in all material respects, and”, | ||
(d) in section 43(3)(b), by substituting the following for subparagraph (v): | ||
“(v) the procedural requirements specified in this Chapter were not complied with; | ||
(vi) the specified debtor, by his or her conduct within the period of 6 months ending on the application date, arranged his or her financial affairs primarily with a view to being or becoming eligible for the issue of a Debt Relief Notice.”, | ||
and | ||
(e) in section 44(3), by substituting the following for paragraph (f): | ||
“(f) the procedural requirements specified in this Chapter were not complied with; | ||
(g) the specified debtor, by his or her conduct within the period of 6 months ending on the application date, arranged his or her financial affairs primarily with a view to being or becoming eligible for the issue of a Debt Relief Notice.”. |