protected goods

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(under the Consumer Credit Act 1974) Goods that are the subject matter of a regulated hire purchase or conditional sale agreement of which the debtor is in breach, but under which he has already paid to the creditor one-third or more of the total price of the goods, which remain in the ownership of the creditor. The creditor may not recover possession of the goods except on an order of the court, which may allow the debtor further time to pay. The restriction does not apply if the debtor has terminated the agreement.

Subjects: Law.

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