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You will need the assistance of a Debt Administrator, who will deduct your living expenses from your income, and divide the balance equally between your creditors. Only a court can make an order to place you under Administration.
N92 - Application for an administration order.
An administration order (AO) is a formal and legally-binding agreement between you and your creditors to pay back your debts over a period of time.
About Debt Administrations An Administration Order is a Court Order that intervenes between creditor and debtor. An order is obtained that restricts you from making any further debt, and keeps your creditors at bay.
Administrative Order \u2014 a legal document issued by an administrative agency such as the Environmental Protection Agency (EPA) directing an individual, business, or other entity to take corrective action or refrain from an activity. It describes the violations and actions to be taken and can be enforced in court.
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You apply for an administration order on an N92 form which you can get from your local county court office. It comes with some notes to help you complete it. Put the name of your local County Court on the form. This may be a different court to the one in which your creditors have taken you to court.
Administration order. If you have applied to be placed under administration, this will remain on your credit report for five years or until the administration order is rescinded by a court.
As part of an administration order a judge can order that you only pay a proportion of your debts. This is known as a composition order. A composition order should be considered where you can't pay off all your debts within a 'reasonable time'.
If a court order has been made, the debtor's estate will be placed under administration (\u201cadministration order\u201d). This means that an Administrator is appointed who will ensure that the debtor pays the amounts due in terms of a judgment or other financial obligations.
Rescission of Administration Order: In order to have the administration order rescinded, the consumer must make an application for this purpose in the very same magistrate court where the administration order was granted.

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