Glossary Of Debt Management & Financial Terms
CCJ
A CCJ is the successful result of a civil action brought by a creditor, in a county Court, against a debtor. The County Court has adjudged that the monies are legally due, enabling the creditor to initially ask the debtor to make an offer of repayment of the debt via monthly payments. Creditors can decline the amount offered, but if the court see's fit, can overrule that and accept the debtors offer. In some circumstances the creditors can take further action, a frequent method is to apply for a charging order (usually on personal property). If the debtor doesn't maintain the monthly payments, the creditors can then take further action through the courts, usually this consists of issuing a warrant of execution, potentially followed by the bailiffs.
See Warrant of Execution, Bailiffs and Charging Order.
