Personal Insolvency Act 2012

Effect of premature termination of Personal Insolvency Arrangement on debts.

124.— (1) Subject to subsection (2), where a Personal Insolvency Arrangement has been deemed to have failed or has terminated under this Chapter, the debtor shall thereupon be liable in full for all debts covered by the Personal Insolvency Arrangement (including any arrears, charges and interest that have accrued during the continuance of the Personal Insolvency Arrangement but excluding any amounts paid in respect of those debts during the continuance of the Personal Insolvency Arrangement), unless—

(a) the terms of the Personal Insolvency Arrangement provide otherwise; or

(b) the appropriate court has made an order otherwise.

(2) Subsection (1) has effect without prejudice to the validity of any act done or property disposed of in accordance with the Personal Insolvency Arrangement.