An Administration Order is a single court order that deals with all of your credit debts plus arrears on other taxes such as council tax. It allows you to make a single payment every month into the court. The court staff then divide the money amongst your creditors.
Whilst an Administration Order is in place, none of the creditors listed on it can take action against you without first getting permission from the court. Visits from debt collectors, letters or phone calls from your creditors, should stop once an Administration Order is in place.
Having an Administration Order can save you a lot of time and trouble as the court deals with your debts on your behalf and any interest and other charges that were being added on to the debts are stopped.
Debt Consolidation Explained contains general information only. We strongly advise you to seek qualified professional advice before taking any action.