Personal Insolvency Act 2012

Payment by specified debtor of portion of specified debts.

37.— (1) A specified debtor may, at any time during the supervision period concerned, pay a sum to the Insolvency Service in accordance with this section.

(2) Where the sum, or the aggregate of the sums paid by a specified debtor under this section, is in an amount that is not less than 50 per cent of the value of the specified qualifying debts concerned—

(a) the Debt Relief Notice concerned shall cease to have effect,

(b) his or her name shall, without delay, be removed from the Register of Debt Relief Notices, and

(c) he or she shall stand discharged from all of the specified qualifying debts.

(3) A sum surrendered by a specified debtor in compliance with subsection (2) or (3) of section 36 shall be included in the calculation of the aggregate of the sums paid for the purposes of subsection (2).