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Administration orders are only
suitable for those individuals who have personal unsecured
borrowings of £5000 or less.
The making of an "administration
order" came about as courts found that many individuals
who had county court judgments (CCJ's) against them were in
aggregate only owing a relatively small amount.
The pressure on the courts time
and the nerves of the individual resulted in the administration
order .
Such an order is a master order.
It groups together all the CCJ's against an individual. The
court then makes one order instead of several. The individual
subject to the administration order then only has to make
one payment per month instead of several
That payment is of a realistic
monthly sum and the court considers all creditors of the individual
when making the order.
To read the court explanatory leaflet
- Click Here.
To get a better understanding of
administration orders read the Case
Study.
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