59. Termination of Debt Restructuring Arrangement

the claims of those creditors voting in favour of the proposal represent a majority in value of the claims of all creditors entitled to vote;

the proposal includes terms modifying or limiting the rights of secured creditors, and the claims of those secured creditors voting in favour of the proposal represent more than two thirds of the value of the claims of secured creditors entitled to vote; or

the proposal includes terms modifying or limiting the rights of lessors or owners of goods under an agreement, including a hire-purchase agreement, by means of which a debtor is using or has possession of goods, and the claims of such lessors and owners voting in favour of the

the debtor;

a creditor;

the personal insolvency administrator; or

the Official Receiver.

where it is made by a debtor, an application for a bankruptcy order; or

where it is made by a creditor, a petition for a bankruptcy order against the debtor, in such manner as may be prescribed.

a material false representation or omission has been found in the statement of the debtor’s financial affairs, which causes a material detriment to a creditor;

in the making and confirmation of the Debt

where the debtor did not satisfy the eligibility criteria under section 46 when the Debt

where the debtor persistently did not comply with the obligations imposed on the debtor under the

since the coming into effect of the Debt

where the debtor is in arrears in respect of payments under the Debt Restructuring

where the debtor has failed to carry out any action reasonably necessary to put the Debt

where the debtor has unreasonably refused to consent to a variation of the Debt Restructuring

dismiss the application;

terminate the Debt Restructuring Arrangement;

order that the personal insolvency administrator prepare a proposal for a variation of the Debt

the debtor;

the personal insolvency administrator;

the Official Receiver; and

any creditors to whom the order under subsection (5) or (6) applies.