A Charging Order can be useful in the situation where the debtor has agreed to pay by instalments as it can ensure the rest of the debt is secure in the meantime. Even if the debtor becomes bankrupt or goes into liquidation the Order is still valid provided it was made before the start of the bankruptcy or winding up.

This does not provide an immediate remedy as you will not receive payment until the property is sold. It is possible for you to ask the Court to make an order for sale forcing the debtor to sell the property however this would be a last resort and is a step the Court would not take lightly.

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