Legislation – Tribunals, Courts and Enforcement Act 2007
Changes to legislation:
Tribunals, Courts and Enforcement Act 2007, Section 124 is up to date with all changes known to be in force on or before 04 April 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.![]()
Changes to Legislation
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Part 5Debt management and relief
Chapter 4Debt management schemes
Approved schemes: charging
124Charges by operator of approved scheme
(1)
The operator of an approved scheme may recover its costs by charging debtors or affected creditors (or both).
(2)
In this section—
“costs” means the costs which the operator incurs, taking one year with another, in connection with the approved scheme, so far as those costs are reasonable;
“debtors” means—
(a)
debtors who make requests for debt repayment plans to be arranged in accordance with the approved scheme, and
(b)
debtors for whom debt repayment plans are arranged in accordance with the approved scheme.