Rescue, Rehabilitation and Insolvency (Corporate and Personal) Act 2026 · As enacted · Part VI
125. Debt Repayment Order
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
The court may make a Debt Repayment Order claiming for the Bankruptcy Estate so much of the income of the bankrupt debtor during the period for which the order is in force as exceeds the debtor’s protected income under section 36.
In accordance with section 36 the court shall not make a Debt Repayment Order the effect of which would be to reduce the income of bankrupt debtor below the debtor’s protected income.
A Debt Repayment Order shall, in respect of any payment of income to which it is to apply, either-
require the bankrupt debtor to pay the Bankruptcy
Trustee an amount equal to so much of that payment as is claimed by the Order; or
Rescue, Rehabilitation and Insolvency
require the person making the payment to pay so much of it as is so claimed to the Bankruptcy
Trustee, instead of the bankrupt debtor.
Sums received by the Bankruptcy Trustee under a
Debt Repayment Order, form part of the Bankruptcy Estate.
A Debt Repayment Order must specify the period during which it is to have effect, and that period may not end after the discharge of the bankrupt debtor.
Subject to the provisions of this section a Debt
Repayment Order may be varied on the application of the
Bankruptcy Trustee or the bankrupt debtor.
Part VII
Personal Insolvency Register
Part VIII
Part IX
Part X
Compromises
Part XI
Micro Small Medium Enterprise (MSME) Company Debt Restructuring Arrangements
Part XII
Part XIII
Part XIV