S 185J repealed by No 44 of 2007, s 3 and Sch 2 item 39, applicable in relation to:
(a) a debt agreement proposal given to the Official Receiver on or after 1 July 2007; and
(b) a debt agreement made as the result of the acceptance of a debt agreement proposal given to the Official Receiver on or after 1 July 2007.
S 185J formerly read:
185J RELEASE OF DEBTOR FROM DEBTS
185J(1)
Time and effect of release.
When details of a debt agreement are entered in the National Personal Insolvency Index, the debtor is released from provable debts from which the debtor would have been released if he or she had been discharged from bankruptcy immediately after the details were entered in the Index.
185J(2)
End of release.
The release ceases to operate if the debt agreement:
(a)
is terminated under section
185P
,
185Q
,
185QA
or
185R
; or
(b)
is declared void by the Court.
History
S 185J(2) amended by No 86 of 2002, s 3 and Sch 4 item 21, by inserting
"
, 185QA
"
after
"
185Q
"
, effective 1 January 2003.
185J(3)
Limits on release.
The release does not:
(a)
release anyone else from a debt that he or she owes jointly with the debtor; or
(b)
release a guarantor from the guarantee that the guarantor gave for the debtor
'
s debt; or
(c)
prevent a secured creditor from dealing with a security to obtain payment of a secured debt, or part of a secured debt, for which the creditor has not made a claim:
(i)
in a statement under section
64D
as it is applied by subsection
185A(2)
; or
(ii)
under subparagraph
185E(6)
(a)(i).
S 185J inserted by No 44 of 1996, Sch 1, Pt 1(320).
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