How much does an Administration Order cost?
The cost of the Administration Order depends on how much the court decides you can reasonably afford to pay towards your credit debts each month.
This is the amount you have left over each month after all of your essential living costs and priority debt repayments have been accounted for.
The court will take a 10% administration fee from every payment that you make before distributing the balance to your creditors. For example, if the court decided you could afford to pay £200 each month towards your credit debts then the court would receive £20 and your creditors would receive £180.
Debt Advice Foundation is a registered UK charity offering free, confidential support and advice on any aspect of debt, including Administration Orders. If you need to talk to someone about Administration Orders or would like general debt advice, please call 0800 043 40 50 to speak to an adviser.