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Administration Orders in Northern Ireland |
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What is an Administration Order?
A Northern Ireland Administration order is a county court order that covers credit debts and other debts and treats them all as one debt. It is for debts that are less than £5,000 and is imposed and administered through your local county court. Under the terms of the administration order you make regular monthly payments to the court who will then distribute this money between your creditors, they will also take some of this money towards their own costs. An administration order prevents your creditors from taking any further action against you.
You can apply for an Administration Order by completing an N92 form which can be obtained from your local court office. You must list all your debts. If you are a couple and have joint debts and both want to apply, you must apply separately and both include the whole debt on your form. For applicants that are employed an Attachment of Earnings Order will be made unless they request otherwise. Some applicants will not want their employers to know of their current situation, so they would prefer not to have an Attachment of Earnings Order.
Administration Order Payments
You must keep up your payments on an Administration Order. If you do not, the court can revoke your order and your creditors will be entitled to pursue you for the full amount of the debt. If you feel you cannot afford to pay the amount asked for in the order, maybe due to a circumstantial change you can ask the court to review the order and reduce the payments. An Administration Order will continue until the Debt is paid off in full. Details of your Administration Order will remain on your credit reference file for a period of six years from the date of the Administration Order.
Advantages of an Administration Order
- Harassment from creditors will stop, and they can’t take action against you, without the courts permission.
- Can save a lot of time and hassle because the court deals with everything on your behalf.
- Interest and charges are stopped.
- There are no upfront fees with an Administration order. The court takes 10p from every £1 you pay as a handling fee.
Can I apply for an Administration Order?
You can apply for an Administration Order if you have...
- At least 1 County / High Court Judgement against you
- 2 or more creditors
- Debts of less than £5000
Contact Debt Advice Northern Ireland for Administration Order Help and Advice
Get in touch with Debt Advice Northern Ireland now and we will be able to help you with your debt problems and advise you on what Debt Solutions are available to you. All our advice is FREE so you are under no obligation by giving us a call. Call us now on 0800 043 0550 or visit our Contact Page to see the various ways to get in touch with us. Alternatively you can Chat Online to one of our Debt Advisors now or take our Debt Calculator to figure out how much of your debt you could be paying back. |
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