Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 15 · Debt Repayment Scheme
298. Cessation of debt repayment scheme
Feedback & supportA debt repayment scheme applicable to a debtor ceases —
debt
“debt” means any debt, or any liability to pay money, that is unsecured, present, certain, and of an amount that is fixed or liquidated;
on the date a certificate of inapplicability of the scheme is issued under section 299;
on the date a certificate of failure of the scheme is issued under section 300(1);
on the date a certificate of completion of the scheme is issued under section 301(1), despite any subsequent revocation of the certificate under section 302(1);
upon the debtor being adjudged a bankrupt under this Act; or
upon the death of the debtor,whichever first occurs.
Upon the cessation of a debt repayment scheme, the debt repayment plan under the scheme ceases to have effect.