County court admin order IVA
An administration order is a formal, legal debt solution which means it's approved by the court and your creditors have to stick to it.
To get an Administration Order you must have:
- Debts that are no more than £5000 in total
- An unpaid county court judgment (CCJ). This includes a traffic penalty registered for enforcement in the Traffic Enforcement Centre at Northampton County Court.
- Two or more debts.
If you don't have a county court judgment and you want an administration order you will need to wait for one of your creditors to take court action against you. As soon as judgment is entered you can apply for an administration order.
- Debts are combined into one through a strict payment plan each month to the court.
- The money that is contributed through the payment plan is then split up amongst the creditors.
- This is done by a pro-rata basis.
- Creditors during the order cannot take extra action to try and retrieve any funds.
- What are advantages of an Administration Order?
- Criteria for Application
- The Application Process
- Following the application process
- The time frame of the order
- What if the debts total in excess of £5000?
- What if the debts are in joint names?
- Income shortage
- Is council tax included?
- Are magistrates court fines included?
- Can I change my payment plan?
- Will missed payments lead to termination of the order?
- How do I know when the administration order is complete?
- Information on a composition order