Available debt in relation to a judgment debtor
46 Available debt in relation to a judgment debtor
An available debt in relation to a judgment debtor is any obligation on the part of a person to pay money to the debtor alone, or to the debtor jointly with another or others, which obligation, at the time a debt appropriation order is made —
is current and unconditional, irrespective of whether the money or any part of it is payable at some future time; or
will arise on the fulfilment of one or more conditions under —
an existing agreement or trust; or
the will of a deceased person; or
an issued share or other marketable security;
or
may arise in respect of an existing cause of action; or
is imposed by a written law and is likely to arise as a result of an event that has occurred.
The following are not available debts in relation to a judgment debtor —
earnings that are or may be payable to the debtor;
money standing to the credit of the debtor in a court;
money that is payable to the debtor as a trustee and in which the debtor does not have a beneficial interest, unless the judgment concerned was given against the debtor as that trustee.
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