The regulation on transitional provisions to the Act of 10. January 2003 No. 1 about the changes in the law on voluntary and compulsory debt settlement for private individuals etc. (debt settlement)
Date-2003-04-04-432 Ministry children and equality published in 2003 booklet 5 entry into force 01.07.2003 last modified the Change applies to Norway Pursuant law-2003-01-10-1, LAW-1992-07-17-99 Announced 08.04.2003 Directed 09.04.2003 (§ 1, letter g) short title Forskr. about transitional provisions, debt settlement legal authority: Provided by URkgl.res. april 4, 2003 under the legal authority of the law of 10. January 2003 No. 1 about the changes to the law 17. July 1992 No. 99 of voluntary and forced debt settlement for private persons part V. Made by the children's and Family Affairs (now children, equality and social inclusion).
§ 1. Debt settlement Changes into law by 17. July 1992 No. 99 of voluntary and forced debt settlement for private individuals applies only in cases where the debt negotiation are opened after the time ikraftsettings, with the following exceptions and special rules: a) § 6-2 fourth paragraph and section 6-5 third period also applies in cases where the five-year period after the current section 6-1 fourth paragraph has not expired at the time of the ikraftsettings.
b) Changes in section 2-4, section 4-3, § 4-8 the first paragraph letter (c), (d) and (h), section 4-10, second sentence, section 6-1, section 6-2 and section 6-5 first and second sentence is also true in cases where the debt settlement period has not been closed on ikraftsettings time. By the application of § 4-3 and section 4-8 the first paragraph letter (d) and (h) if applicable, the debt can then changed the arrangement is required.
c) Changes in section 2-2, section 4-2, section 4-10 first period and section 4-12 the first paragraph, second sentence, applies also in cases where the proposal for voluntary debt settlement is not issued, or is rejected and forced debt settlement is not filed for on ikraftsettings time.
d) section 3-7 and § 5-1 third to fifth paragraph also applies in cases where the debt settlement is not passed or confirmed on ikraftsettings time. Changes in section 5-2 is also true in cases where forced debt settlement is not confirmed at the time of the ikraftsettings.
e) Changes in section 7-3 the first paragraph also applies in cases where the funds are not distributed on ikraftsettings time.
f) section 7-5 also applies in cases where the costs are incurred before the time ikraftsettings.
g) § 4-8 (i) applies only to claims founded after 1. July 2000.
§ 2. Statute and mortgage law § 3-21 and section 6-3 the changes to the law of 18. May 1979 No. 18 if the limitation period of the claims and of the law of 8. February 1980 no. 2 about the pledge section 3-21 and section 6-3 also applies in cases where the debt settlement are in stand by the entry into force. This does not apply to requirements that are obsolete on ikraftsettings time.
§ 3. Mortgage law § 1-5 Changes of the law of 8. February 1980 no. 2 about the pledge section 1-5 also applies in cases where the debt negotiation is open, but the debt settlement is not reached in the stand before ikraftsettings time, and in cases where the debt negotiation opens after ikraftsettings time.
§ 4. Entry into force these regulations apply from 1. July 2003.
