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What is a Debt Administration Order?
A Debt Administration Order is a court order which sets out the amount of payments you must make to repay debts.
You can apply to the court for an Administration Order if you owe less than £5,000 to at least 2 creditors and have a CCJ registered against you that you can’t afford to pay in full.
The court makes an order for payment based on what you can afford. You make the payments to the court and the court distributes the payments to your creditors.
Does it stop my creditors taking action?
None of your creditors that are listed in the Order can take further action against you unless the court gives them permission.
What happens if I run a business?
If you are the director of a company or run a business, you may be able to continue to do so.
What happens if I don’t make repayments under my Debt Administration Order?
If you don’t make the payments you’re supposed to, the court can direct your employer to deduct the amounts from your wages.
Can my creditors object to a Debt Administration Order?
Your creditors can object to the Order and ask to be excluded from it but it is up to the Court to decide whether or not to grant the Order.
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