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Part V · Debt Rehabilitation Orders

66. Eligibility for a Debt Restructuring Order

அதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள உரை மேலோங்கும். அதிகாரப்பூர்வ Sinhala உரையைத் திறக்கவும், documents.gov.lk-இல் அதிகாரப்பூர்வ PDF

A debtor shall be eligible for a Debt Rehabilitation

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

(a)

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

(b)

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

(c)

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

Rescue, Rehabilitation and Insolvency

(d)

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

(e)

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

Rehabilitation Order application —

(i)

was resident or had a place of residence in

Sri Lanka; or

(ii)

carried on business in Sri Lanka;

(f)

the debtor is not currently a bankrupt debtor;

(g)

the debtor has not been subject to a Debt

Rehabilitation Order within one year prior to the date of the Debt Rehabilitation Order application; or

(h)

the debtor has not been subject to a Bankruptcy

Order within five years prior to the date of the

Debt Rehabilitation Order application.