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Glossary: Administration Order |
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Administration Order:
If one or more
of your creditors has obtained a court judgment against you, the
county court may make an administration order. Administration is
a court-based procedure whereby you make regular payments to the
court to pay towards what you owe your creditors.
Your total debts must not be more than £5,000 and you will need
enough regular income to make weekly or monthly repayments. You
do not have to pay a fee for an administration order but the
court will take a small percentage from the money you pay
towards its costs.
If you do not pay regularly, the order could be cancelled and
you may become subject to the same restrictions as someone who
is bankrupt. If your circumstances change and you cannot pay as
ordered, you can apply to the court to change the order. The
court which made the order will tell you what to do. Details of
administration orders are available at your local county court.
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