Administration order
A court-managed debt arrangement in England and Wales for those with qualifying judgment debt and debts within the legal limit. One regular payment goes to the court and is shared among creditors.
Related terms
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County Court Judgment (CCJ)
A judgment made by the County Court requiring someone to pay money. It can affect credit records and may be enforced if unpaid.
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Judgment debt
Money payable under a court judgment, which may be enforced if it remains unpaid.
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Payment plan
A structured schedule for repaying a debt over time rather than paying the full amount immediately.
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