CHARGING ORDERS

On 1st October 2012 S93 of the Tribunals Courts and Enforcement Act 2007 came into force.  This means that irrespective of whether your debtor has an instalment order in place and is maintaining payments, you can know secure the debt by obtaining a Charging Order against the debtors property.

If you have a debtor that is asset rich but cash poor, this means that they can no longer offer token payments while selling assets without obligation to utilise the proceeds of sale to discharge your debt. 

What is important is to know your debtor, retain details of assets such as stocks and shares, houses, holiday homes and plots of land.

If you have a Judgment which is being maintained with token payments, but you are aware that the debtor has assets.  give Mercian Law a call on 0800 048 8799 to discuss if a Charging Order is appropriate for you.

Charging Orders

We have added a FREE PDF download onto the Mercian Law website, about enforcing a CCJ with a Charging Order.  Take a look and let us have your comments.