Business Terms and Jargon Explained
What is Administration order
Legalese Explained: Legal term: An order by a County Court directing a debtor to pay a specified monthly instalment into Court in respect of outstanding debts. The Court retains the payments made and at intervals distributes it between the creditors on a pro-rata basis.
© Crown Copyright. Material taken from Her Majesty's Courts Service (HMCS) website . Reproduced under the terms and conditions of the Click-Use Licence.
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Term created / updated 2013-07-02 09:22:49
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