[F18(1)The total value of the debtor's property on the determination date does not exceed the prescribed amount.E+W
(2)The rules may—
(a)make provision as to how the value of a person's property is to be determined;
(b)provide that particular descriptions of property are to be excluded for the purposes of this paragraph.]
Textual Amendments
F1Sch. 4ZA inserted (24.2.2009 for certain purposes otherwise 6.4.2009) by Tribunals, Courts and Enforcement Act 2007 (c. 15), ss. 108(2), 148(5), Sch. 18; S.I. 2009/382, art. 2