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.
