Document ID: chunk:federal_register_of_legislation:C2007A00044:clause:2_185na
Version: federal_register_of_legislation:C2007A00044
Segment Type: clause
Provision Reference: sch 2 cl 185NA
Character Range: 62351–63073

185NA  Release of debtor from debts

Time and effect of release

 (1) When a debt agreement ends under subsection 185N(1), the debtor is released from provable debts from which the debtor would have been released if the debtor had been discharged from bankruptcy immediately after the acceptance of the relevant debt agreement proposal for processing was recorded on the National Personal Insolvency Index.

Limits on release

 (2) The release ceases to operate if the debt agreement is declared void by the Court.

 (3) 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.