Personal Debt Solutions Glossary

An order that directs an employer of a debtor to deduct regularly an amount, fixed by the Court, from the debtor’s earnings and pay that sum into Court.

Officer of the County Court empowered to serve Court documents and execute warrant.

Insolvent – unable to pay creditors’ and having all goods/effects administered by a liquidator or trustee and sold for the benefit of those creditors’; as a result of an order under the Insolvency Act 1986.

An individual is declared bankrupt by the court either at their own request or as a result of action taken by a creditor. A trustee in bankruptcy will be appointed to realise a bankrupt’s assets. CLICK HERE to download our 

An individual is declared bankrupt by the court either at their own request or as a result of action taken by a creditor. A trustee in bankruptcy will be appointed to realise a bankrupt’s assets. CLICK HERE to download our 

An order directing that a charge be registered at the Land Registry on property owned by the debtor. This is also a form of enforcing civil debt. An order preventing the sale or disposal of a property until the charge has been cleared.

A court order freezing creditors’ rights prior to the approval of an individual voluntary arrangement.

A licensed insolvency practitioner appointed by an individual (debtor) to assist the individual in the preparation of his/her proposals to be laid before creditors’. Note: the nominee would normally become the supervisor once the proposals have been accepted by creditors’.

A civil servant employed by the Department of Trade and Industry who is responsible for many aspects of bankruptcy and compulsory liquidation.

A method of questioning a person under oath before an officer of the Court to obtain information.

A method of commencing proceedings whereby the order required by the petitioner from the Court is expressed as a prayer, eg the petitioner therefore prays that the marriage be dissolved (divorce proceedings)

An officer of the Crown whose duties, amongst other things, consist of the enforcement of High Court writs of execution.

An officer of the Crown whose duties, amongst other things, consist of the enforcement of High Court writs of execution.

A document issued by someone who is owed monies. The person or company receiving it has 21 days in which to respond. You should take it seriously and contact the person/company and discuss your situation with them. Likewise if you are issuing a statutory demand against someone who owes you money, make sure that the debt is due and owing to you at the time of issue.

Your failure to respond as a debtor may result in a creditor petitioning for your bankruptcy. If you are the creditor and have not received any communication within the 21 day period you may proceed to petition for the bankruptcy of an individual or the compulsory winding up of a company.

A licensed insolvency practitioner, who implements an individual’s voluntary arrangement.

A signed agreement by a debtor not to remove goods levied by a bailiff under the authority of a warrant of execution and to allow the bailiff access at any time to inspect the goods, in consideration of which the bailiff leaves the goods in the possession of the debtor.

Method of enforcing a judgment for possession of a property whereby a bailiff is authorised to evict people and secure against re-entry.

Writ issued by the court directing a sheriff to levy execution upon a debtor’s goods.