Clause 5

Part of Debt Relief (Developing Countries) Bill – in a Public Bill Committee at 10:45 am on 9th March 2010.

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Photo of John Hemming John Hemming Liberal Democrat, Birmingham, Yardley 10:45 am, 9th March 2010

I compare the clause with insolvency legislation, where judgment debt is treated the same as non-judgment debt. Neither of the creditors is preferred, and on that basis, the application is not retrospective.