(1) An application for a fresh start order shall be made by a debtor in such form, containing such particulars, and in such manner as may be prescribed.
(2) The debtor shall, along with the application, furnish evidence of his income and assets.
(3) An interim-moratorium shall commence on the date of the application referred to in sub-section (1) in relation to all the debts and shall cease to have effect on the date of admission or rejection of such application.
(4) During the interim-moratorium period under sub-section (3)—
- any legal action or legal proceeding pending in respect of any debt shall be deemed to have been stayed; and
- the creditors of the debtor shall not initiate any legal action or proceedings in respect of any debt.