An Administration Order is a solution for debts of less than £5,000. It is imposed and administered through your county court. You can ask the court to make an administration order if:
Under the order, you must make weekly, monthly or quarterly payments from your income to the court, which shares them among your creditors, in proportion to the amounts you owe them.
If you don't keep up with the payments, the court may make an attachment of earnings order. This is sent to your employer, directing them to deduct amounts from your wages and pay them to the court for sharing among your creditors.
" From start to finish they have been upfront and honest. They have helped me put my life back on track, thanks guys :-) "
Work out what your new monthly debt repayment could be by filling in our debt and budget calculator form.
A couple were jointly paying creditors over £700 per month. We were able to have this payment reduced to £300 per month, with all interest and charges frozen. After 8 months of paying this reduced sum, they proposed to remortgage their home. This was successful and they released £19,000. Their creditors accepted this as a full and final settlement of their debts.
Click on the button to type a message to one of our live chat advisors. We are available now to answer any of your questions.
© 2018 McCambridge Duffy Insolvency Practitioners.
All rights reserved
McCambridge Duffy LLP is a Limited Liability Partnership
registered in England and Wales.
Registered number 0C309544
Registered office 17 Hanover Square, Mayfair,
London, W1s 1HT