# Tribunals, Courts and Enforcement Act 2007, Section 132: Expressions relating to debts

Status: prospective

(1) All debts are qualifying debts, except the following—
(a) any debt secured against an asset;
(b) in relation to a debt repayment plan which has been requested or arranged, any debt which could not, by virtue of the terms of the debt management scheme, be specified in the plan.
(2) A business debt is any debt (whether or not a qualifying debt) which is incurred by a person in the course of a business.

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Source: https://www.legislation.gov.uk/ukpga/2007/15/section/132 (the official version)
Page: https://openlegislation.uk/tribunals-courts-and-enforcement-act-2007/section-132
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.