56E. Commencement and administration of debt repayment scheme
Feedback & supportLast amended by an amending law of 2009.
A debt repayment scheme shall commence in respect of a debtor on the date on which a debt repayment plan comes into effect under section 56D(8) in respect of that debtor.
debt
“debt” means any debt, or any liability to pay money, which is unsecured, present, certain, and of an amount that is fixed or liquidated;
The Official Assignee —
Official Assignee
“Official Assignee” includes a Deputy Official Assignee, a Senior Assistant Official Assignee and an Assistant Official Assignee;
shall administer all debt repayment schemes under this Part; and
may charge such fees as may be prescribed in respect of such administration.
Upon the commencement of a debt repayment scheme in respect of a debtor, the Official Assignee shall pay out from the Bankruptcy Estates Account and into the Debt Repayment Schemes Account the balance of any deposit paid by the applicant creditor to the Official Assignee in respect of the relevant bankruptcy application made against the debtor, for the purpose of discharging the costs and expenses incurred by the Official Assignee in the administration of the scheme.
debtor
“debtor” means the individual to whom a debt repayment scheme applies under this Part;