Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Debt definition

What does Debt mean? Debt, in pensions practice, is the sum an employer must pay to an occupational defined benefit pension scheme to meet any funding shortfall when the employer ceases to participate or the scheme winds up. In England & Wales and Scotland, this employer debt (commonly the section 75 debt) is a statutory liability under section 75 of the Pensions Act 1995 and the Occupational Pension Schemes (Employer Debt) Regulations 2005. It is typically calculated on a buy-out basis (the estimated cost of securing members’ benefits with an insurer) and becomes immediately due to the trustees on a trigger such as...

Worked pleadings for contractual debt claims (England and Wales): particulars of claim, defence and reply under the Late Payment of Commercial Debts (Interest) Act 1998

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Practice notes

scope of this Practice Note

This Practice Note sets out a collection of worked illustrations for drafting pleadings in a straightforward contractual debt setting, namely:

the particulars of claim
defence
a reply grounded on a hypothetical simple contractual debt claim to which the Late Payment of Commercial Debts (Interest) Act 1998 applies

For guidance on debt claims, refer to the following Practice Notes, together with the associated Checklists and Flowchart:

Debt claims
Discharging a contractual debt
Starting a contractual debt claim—a practical guide
Starting a contractual debt claim—checklist
Responding to a contractual debt claim—checklist
Starting proceedings under the Pre-Action Protocol for Debt Claims—flowchart

The worked examples below are not drafted as Precedents. They are illustrative only, do not attempt to capture every conceivable claim or defence that could be raised on the assumed facts, and are not presented as ‘the perfect pleading’...

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Web page updated on 22/05/2026

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