(1) In subsection (1) of section 129 of the 1974 Act (time orders) before paragraph (c) insert -

"(ba) on an application made by a debtor or hirer under this paragraph after he has been given a notice under section 86B or 86C; or".

(2) After that section insert -

"129A Debtor or hirer to give notice of intent etc. to creditor or owner

(1) A debtor or hirer may make an application under section 129(1)(ba) in relation to a regulated agreement only if -

(a) following his being given the notice under section 86B or 86C, he gave a notice within subsection (2) to the creditor or owner; and

(b) a period of at least 14 days has elapsed after the day on which he gave that notice to the creditor or owner.

(2) A notice is within this subsection if it -

(a) indicates that the debtor or hirer intends to make the application;