Skip to content
Section 24

Section 24. No recovery of amount in excess of debts reduced

The amount of debts reduced under section 18 1[or further scaled down under section 22C] shall, for the purposes of this Act, be the amount due by the debtor in respect of the said debts, and the portion of the debts in excess of this amount shall be extinguished.

1Superscript markers show text inserted or substituted by a later amendment. The Act carries the markers without the footnotes they refer to, so they are shown without a target.