A Third Party Debt Order is an order of the court that freezes money held by a person, organisation or institution, such as a bank or building society, which might otherwise be paid to the Debtor against whom you have a judgment. The organisation or person that is holding the money is referred to as the ‘third party’. A Third Party Debt Order prevents the Debtor having access to the money until the court makes a decision about whether or not the money should be paid to you.
The money held by the Third Party must be held solely for the debtor. You cannot apply for a Third Party debt order against a joint bank account unless the judgment debt is owed by all the account holders.
The most common methods of enforcement may be used alongside Third Party Debt Orders to recover a judgment debt owed to you. However, it is important to make sure that credit is given for any payments recovered through other methods of enforcement and that the Court is notified.
Contact CSB Solicitors, and our experts can advise you on how to go about making this application.
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The contents of our blogs are based on English Law, and because they contain historical material, that information may be out of date. For that reason, please consider the date that the blog was posted and remember that the laws may differ in different legal jurisdictions.