freephone 0800 043 0550

Adminstration Order

An administration order is a debt solution that goes through a local county court and is for people who have

  •   debts under £5,000.
  •   atleast two creditors.
  •   a CCJ (County Court Judgement) against them which they can't pay.

In an Administration Order you pay the court a weekly, monthly or quarterly payment from your income. The court then distributes the payments to your creditors according to the portion of debt they are owed. The court also takes their fee from the payment which can't be more than 10% of the debt.

How do I set up an Administration Order?

You can apply for an Administration Order by completing an N92 form (Application for an Administration Order) . You can obtain this from your local court office or online.

You must list all your personal details, employment details, income, expenses and list all of your debts on the form. If you have joint debts with a partner, you must fill out your forms separately and both include the full list of debts on both forms.

How much will I pay?

The amount you pay depends on what the court decides you can afford. Your payment will be worked out from analysing your N92 form. 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 administration

  •   Creditor harassment will stop and the creditors involved wont be able to take any action against you.
  •   The court will deal with everything on your behalf.
  •   Interest and charges are stopped.
  •   There are no upfront fees to pay.

Disadvantages of administration

  •   Creditors can object the administration Order and ask to be excluded from it. Although the court does not have to agree.
  •   If you don't keep up the payments, the order can be revoked, leaving the creditors to pursue you again.
  •   If you don't keep up payments the court can take the money from your wages, known as an 'Attachment of Earnings Order'.
  •   If the court makes an'Attachment of Earnings Order' you employer will find out about your financial situation.

Contact us

Get in touch with Debt Advice NI and get help with your debts. Call us now on 0800 043 0550 or click here to visit our contact page.

 Get Debt Advice

Fill in the form and we will get back to you

 

Excellent company

Gave me help advice and confidence to deal with a very large and stressful financial situation that I could see no way out of. Many thanks. | Client review

 
Read more...

About us

debtadvicenorthernireland.co.uk is owned by McCambridge Duffy who are one of the leading Insolvency firms in the UK and have been in the financial industry since 1932. McCambridge Duffy solely provide IVAs and other Insolvency solutions.

On our site you will find information on debt solutions, both formal and informal. We provide this information so you have a clear overview of the options available for dealing with your debts. We do not offer informal debt solutions, so if an insolvency solution is not your recommended course of action, with your permission, we will refer you to an appropriate agency/provider that can assist you further.

debt solutions - We can advise you

IVA NI

IVA

If you are struggling to pay your debts (totalling more than £10,000) then an IVA could help you lower your monthly repayments. You could even write off debt on completion of the IVA...

Read more...
Debt Management NI

Debt Management

Debt Management is an informal solution that can help you lower your monthly debt repayments to a more manageable amount. In some cases interest and charges can be frozen on your debts...

Read more...
Bankruptcy NI

Bankruptcy

Bankruptcy is a process that allows you to write off unmanageable debt. It is generally a last resort debt solution because alternative solutions are available, but it can benefit in some cases...

Read more...
Debt Consolidation NI

Debt Consolidation

Debt Consolidation allows you to pay off debts with a loan. You repay the loan with monthly payments. It can be a good way of reorganising finances, especially if you have multiple debts...

Read more...
Remortgage Debt NI

Remortgage Debt

If you are having difficulty paying your debts and you are a homeowner and have equity in your home, then getting a remortgage might be a good option to help you deal with the problem debts...

Read more...
Administration Order NI

Administration

An Administration Order is a court order that allows you to deal with all of your debts of £5,000 or less and treat them as 1 debt. It is imposed and administered through your local county court...

Read more...
Debt Relief Order NI

Debt relief Order

A Debt Relief Order (DRO) is suitable for you if you cannot pay your debts. In order to do one you must have debts under £15,000 and have very little or no assets. A DRO is like a form of mini bankruptcy...

Read more...
Self Employed Debt Solutions

Self Employed

If you are a business owner having difficulty managing business / personal debt and it's affecting your business, we could help. We offer a range of insolvency solutions to help you get back on track.

Read more...
 NI Debt Calculator

Debt Calculator

Use our debt calculator to work out what you can afford to pay towards your debts.

Calculate
NI Online Debt Chat

Online Web Chat

Have a confidential web chat about your debts with one of our advisors.

Online Chat
NI Debt Advice

Contact us about debt

Fill in the form to enquire about help with your debts. We will be in touch.

Get advice
Client testimonials

Testimonials

Read what our clients have to say about our services.

Read Them