Personal Insolvency Act 2012
|
Obtaining credit or engaging in business by a debtor while insolvency arrangement is in effect. |
130.— (1) A specified debtor is guilty of an offence if he or she, either alone or with any other person, obtains credit in an amount of more than €650 without informing the person from whom the credit is obtained of— | |
(a) his or her name, as specified in the Debt Relief Notice, Debt Settlement Arrangement or Personal Insolvency Arrangement concerned, and | ||
(b) the fact that he or she is a specified debtor. | ||
(2) In this section, “specified debtor” means a person who is— | ||
(a) a specified debtor under Chapter 1 , for so long as the Debt Relief Notice remains in effect, | ||
(b) party, as a debtor, to a Debt Settlement Arrangement under Chapter 3 , for so long as the Debt Settlement Arrangement remains in effect, or | ||
(c) party, as a debtor, to a Personal Insolvency Arrangement under Chapter 4 , for so long as the Personal Insolvency Arrangement remains in effect. | ||
(3) The reference in subsection (1) to a specified debtor obtaining credit includes the following cases— | ||
(a) where goods are bailed to him or her under a hire-purchase agreement, or agreed to be sold to him or her under a conditional sale agreement, and | ||
(b) where he or she is paid in advance (in money or otherwise) for the supply of goods or services. |