Administration Order
An administration order is available to people who have one or more county court or high court judgement against them that they’re not in a position to pay in full.
Administration Order
To apply for an Administration Order, an application is made to your local county court, who will then decide whether to grant the order based on your circumstances.
If the AO is granted, your debts and relevant creditors (the people you owe the money to) will be included in the agreement.
You will make a single monthly payment towards your debts, no matter how many different parties you owe money to.
This payment is then spread between your creditors, and they won’t be able to take any further action against you for the duration of the AO without the court’s permission.
How to apply for an administration order
Administration orders are available to people who have one or more county court or high court judgement against them that they’re not in a position to pay in full.
To apply for an Administration Order, an application is made to your local county court, who will then decide whether to grant the order based on your circumstances.
If the AO is granted, your debts and relevant creditors (the people you owe the money to) will be included in the agreement.
You will make a single monthly payment towards your debts, no matter how many different parties you owe money to.
This payment is then spread between your creditors, and they won’t be able to take any further action against you for the duration of the AO without the court’s permission.
Advantages
- You will pay a single monthly payment that will be split amongst your creditors, rather than having to manage several payments to several creditors.
- It saves you a lot of time and effort and could reduce the stress of juggling many different debt repayments.
- The creditors listed in the order can’t take any further action against you without the court’s permission.
- At the end of your administration order, you will be free of the debts included in the agreement
Disadvantages
- It’s only available for people who have at least one court judgment against them and have under £5,000 of debt.
- Falling behind on payments can lead to the court applying an ‘attachment of earnings order’, which will allow them to take money directly from your wages or cancel the arrangement.
- There are costs payable of up to 10% of your debt level.
- Even after you complete your administration order, it will remain on your credit file for a period of six years.
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