If you are in financial difficulties and you are unable to pay your creditors an administration order may help you.
An administration order allows you to pay a sum that you can afford into the court each month to cover all your debts.
The court will divide your monthly payment among your creditors (in proportion to the size of each debt). The court will manage your debts and deal directly with your creditors. While the order is in force none of the creditors named in your application may try to enforce the debt or try to make you bankrupt without asking the court first.
To qualify for an administration order you must have two or more outstanding debts, one of which must be a High Court or County Court judgment, and, your total debts as stated on the list of creditors must not be more than £5,000.
If you are thinking of applying for an Administration Order, you should get advice.
