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Order for sale
sablelady
Posts: 51 Forumite
Hi everyone,
I have a charging order in place and have been paying a regular sum to the company for around 12 months now . The outstanding sum is around £4000 and have recentley lost my job, we didn't have a formal arragement in place and the company are now threatening me with arrears. My question is what can they do to me?
I have a charging order in place and have been paying a regular sum to the company for around 12 months now . The outstanding sum is around £4000 and have recentley lost my job, we didn't have a formal arragement in place and the company are now threatening me with arrears. My question is what can they do to me?
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Comments
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From your thread title, would seem you are worried about this.
---> Can the creditor sell my home?
Read that, but the upshot in most cases is that it's not very likely.
Perhaps give National Debtline a call.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
Hi sablelady
Just echoing the gist of fermi's reply - it's unlikely and maybe even downright impossible that a sale could be forced as a direct result of this debt.
You may be able to apply to the court to "vary" the payments on your CCJ. The benefit of doing this is that it would protect you from other forms of enforcement such as bailiffs.
Do get advice as suggested above, as someone who knows your full situation will be able to cover all the angles.
Dennis
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
Thanks for the replies. There was never a payment plan in place and the company involved is Restons solicitors. We came to an informal arrangement which I kept up till August. They are now asking for details of my partners income.0
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bumping, sorry.0
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Hi again
Your partner's income isn't directly relevant if it's not their debt. However Restons may be seeking to establish whether you are paying more than your "fair" share of household bills.
As above, you may be able to formalise a payment arrangement by application to the court. Read the following fact sheet for more on how to do so:
https://www.nationaldebtline.org/EW/factsheets/Pages/08%20EW%20County%20court%20-%20suspending%20a%20bailiff%27s%20warrant%20or%20reducing%20instalments%20on%20a%20county-court%20judgment/Default.aspx
In the meantime, I would advise you to simply continue making affordable payments towards the debt. If Restons wish to take any further enforcement action, they will need to apply to court and you would be given notice of this.
Dennis
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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