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Article 4 Interest and enforcement or other proceedings

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Where a judgment creditor takes proceedings in a county court toenforce payment under a relevant judgment, the judgment debt shall ceaseto carry interest thereafter, except where those proceedings fail toproduce any payment from the debtor in which case interest shall accrueas if those proceedings had never been taken.

(2)

For the purposes of this article“proceedings to enforce payment under a relevant judgment” include any proceeding for examining or summoning a judgment debtoror attaching a debt owed to him, but do not include proceedings underthe Charging Orders Act 1979f1;

(3)

Where an administration order or an attachment of earnings order ismade, interest shall not accrue during the time the order is in force.

Annotations

Footnotes

f1

1979 c. 53.