charging order


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charging order

an order of the court granting the applicant a charge over property belonging to a debtor of the applicant.
References in periodicals archive ?
However, as I'll explain below, the main reason members of New Hampshire LLCs formed under the current act should make "Section 5 elections" to be covered by the new act in 2013, rather than waiting for mandatory coverage in 2014, is that the pick-your-partner provisions and charging order provisions are so much stronger in the new act than those in the current act.
Land Registry records show that Barclays Bank obtained an interim charging order on the property - which can be the first step towards a possible forced sale - at Warwick County Court on August 25.
(2) That order went well beyond the scope of the charging order remedy provided by F.S.
If repeated attempts fail, the council may seek to have a person jailed, seek a bankruptcy order or get a charging order so the debt is paid when the person's house is sold.
The landlord took the case to court and obtained a judgment against the tenant for the arrears, and an interim charging order for the property.
In January this year a charging order was made for her to sell off her home ( bought with some of the cash left over from the sale of the pounds 400,000 home she shared with Mulcahy.
The charging order limits the creditor to an economic interest in the LLC without transferring the membership interest or any control over the entity to the creditor.
A charging order was placed on the property after Mr Soutter was brought before Chester County Court in November 2001 by Phil Butterworth who claimed nine months unpaid rent on the property which he later bought from him.
In many instances, the only remedy available to an LP's creditors may be a charging order entitling the creditor to receive distributions (if distributions are made by the GP) that would otherwise go to the debtor-partner.
With this judgment or charging order, the creditor receives the status of an assignee.
Of critical importance-if the CPA spouse is ever sued-is that a successful creditor would be entitled only to a "charging order." This entitles the creditor to receive only the distribution (if any) that the debtor-spouse would receive as the general or limited partner; the order doesn't give the creditor any right to partnership assets or a voice in management or control.
It comes after a man has lost a battle to be refunded for [pounds sterling]40 worth of penalties he paid under a road charging order that was laterfound to be legally invalid.