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Clause 88

Part of Tribunals, Courts and Enforcement Bill [Lords] – in a Public Bill Committee at 10:15 am on 22nd March 2007.

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Photo of Brooks Newmark Brooks Newmark Conservative, Braintree 10:15 am, 22nd March 2007

I understand the first point that the Minister has made. However, on the second point, let us say that, hypothetically, I have a debt to which my assets are attached. Let us say that I then clear my debt obligations in the instalments that were, for example, laid out by the hon. Member for North Southwark and Bermondsey, pay off what I have agreed that I owe and suddenly five years later, I inherit a house or receive another asset. Is the Minister saying that the court has the ability to grandfather a decision that was made earlier and attach the asset so that the full amount that was owed rather than the part that was paid off would have to be paid off five or 10 years later?