What Is a Charge Order?

Answer

A charge order is an order from the court placed on a debtor's property, such as a house or a piece of land for monies owed to a lender. If for instance, you have borrowed money and the money is not secured and you have not paid according to the arrangement, the lender can request the court to place a charging order on your property so that when the property is sold that debt is paid off first.
Q&A Related to "What Is a Charge Order"
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Explore this Topic
A charging order is an order from the court placed on a debtor?s property (house or land) for money owed to a lender. If you have borrowed money and the money ...
A charging order on a house is a court order that places a charge on a house or property of the judgment debtor?s. This means that if the property is sold, the ...
A charging order is an order from the court placed on a debtor's property (house or land) for monies owed to a lender. If you have borrowed money and the money ...
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