A Charging Order is an order from the court placed on a debtor's property (specifically their house or land) for monies owed to a lender.

If you have borrowed money and the repayment schedule has not been adhered to, a lender can ask the court to place a charging order on your property so that when it is sold, the solicitor handling your sale will have to repay that debt first before any of the proceeds are made available to you.

Before the courts will consider an application for a Charging Order, the lender is obliged to issue a county court judgement and you, the debtor, must have failed to make payments on that judgement or not paid the judgement at all, according to the requirements laid down by the court.

If you have received notice of a Charging Order, a County Court Judgement or quite simply are just worried about your finances, please speak to James Dee Associates as soon as possible so that we can help you solve the problem.

Just call our team of advisers on 0800 917 3193 or complete our debt management enquiry form today.

---