66. Eligibility for a Debt Restructuring Order

A debtor shall be eligible for a Debt Rehabilitation

Order if the debtor meets all of the following criteria:-

the debtor has total debts (apart from any excluded debt) that amount to less than two million rupees;

the debtor has monthly surplus income, as specified in section 36, of one hundred thousand rupees or less;

the debtor has available property, excluding protected property as defined by section 34, of a value of two hundred thousand rupees or less;

the debtor is unable to pay such debtor's debts as they become due;

the debtor is resident in Sri Lanka or at any time within three years before the date of the Debt

the debtor is not currently a bankrupt debtor;

the debtor has not been subject to a Debt

the debtor has not been subject to a Bankruptcy