Administration Orders
What is an Administration Order?
An Administration Order is a court order which covers your outstanding debts, including any arrears on council/poll tax debts. Under this order you will need to make a monthly payment to the court, who will then distribute that money on a pro rata basis to your creditors.
How does the Administration Order protect me from my creditors?
Whilst the order is in place, no creditor that is included in the order will be allowed to take any action against you without the leave of the court. Letters and debt collection procedures against you will be also be stopped.
Disadvantages of an Administration Order
By entering into an Administration Order you will have broken the terms and conditions with your creditors, they in turn will update the credit reference agencies which will result in your credit worthiness been reduced, in any event, once you received the county court judgement then your credit was already marred. ...
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