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Section 132: Expressions relating to debts

Tribunals, Courts and Enforcement Act 2007 · 2007 c. 15View on legislation.gov.uk

Part 5: Debt management and relief — Chapter 4: Debt management schemes

All debts are qualifying debts, except the following—

any debt secured against an asset;
in relation to a debt repayment plan which has been requested or arranged, any debt which could not, by virtue of the terms of the debt management scheme, be specified in the plan.

A business debt is any debt (whether or not a qualifying debt) which is incurred by a person in the course of a business.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.