A charging order is a court assigned document that means basically that a creditor has a legal right against your home so that an unsecure debt becomes secured and should you sell your home they can get there monies back.
You cant sell it without them knowing as it also goes on the Land Registry.
They have to take you to court in order to get one set up. They can if they wish and you have enough equity force a sale.
Jo x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called: Jo's Links and added info on Bankruptcy! http://debtfreejo.blogs.bankruptcyhelp.org.uk/
Edited by - Needafriend on 18 November 2008 21:05:40
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called: Jo's Links and added info on Bankruptcy! http://debtfreejo.blogs.bankruptcyhelp.org.uk/
what is ........
Posted - 18 November 2008 : 20:40:18
