Enforcement Restriction Orders for 2010, will it affect the IVA & Debt Management

The Press Association have reported that the Government plans to introduce an initiative called the Enforcement Restriction Order. This is designed to assist people who have been subjected to a change in personal circumstances who have personal debts outstanding that can't be immediately repaid.

In essence it is a facility for consumers to approach a county court and ask for an order to be placed which allows them a PAYMENT HOLIDAY suspending due payments for up to one year. Interest would still accrue on accounts but late payment charges would be waived during the payment holiday.

Courts would be expected to make the Enforcement Restriction Order difficult to obtain if the consumer is not struggling with a catalogue of low value debts. Mortgages, Student Loans & Child Maintenance would be excluded from any Enforcement Restriction Order

Beware of the Charging Order! Get Free help

The Charging Order is seeing a surge in demand from credtors rushing to turn unsecured debts into county court judgements (CCJ's) then allowing for the Charging Order process to begin.

Lewis Alexander are offering help to their clients with Charging Order proceedings as in most cases there is evidence of unfair collection procedures by creditors.

All personal debt must be collected compliantly by the respective collection company or creditor. There are guidelines in place to protect consumers from unlawful collection procedures and we advise any individual being bullied by their creditors to cotact our free debt helpline for further advice and information.

Visit http://www.lewisalexander.com/Lines are open 24 hours 0800 018 6868