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Charge IVA Glossary

What is Charge?

The appropriation of real or personal property for the discharge of a debt without giving the creditor any property in, or possession of, the subject of security.

(Please Note: The definitions are not intended to be exhaustive summaries of the Law. They are based on material from The Insolvency Act 1986 , and other Acts dealing with this subject.)

The above is provided as information only. Iva.co.uk does not provide debt advice. You must always seek professional advice before taking any action to resolve your debts.