This is a means of securing a judgment debt against the debtor's property. Although
it won't automatically result in a payment it will secure the debt against the debtor's
property and when the debtor comes to sell the property or remortgage it, the charge
should be paid from any available equity. Alternatively the judgment creditor can
take a pro-active approach and apply to the Court for an Order For Sale to force
the sale of the debtor's property. This application is usually made where the value
of the debt is quite high.
More resources are available at:
Charging Order
If you need further assistance on making an application then please contact the
Client Services Team of Sherforce who will be able to give you further information.
You can email a member of the team on
enquiries@sherforce.net
or you can call the team on 0845 890 9207.
