10 : Extortionate Credit Transactions :

This is a transaction that can be attacked by a Trustee in Bankruptcy. It is where credit is provided at rates that are grossly unfair when considering the level of risk that the creditor is subject to.

Click on the word or phrase to find a straightforward explanation rather than the exact legal definition.

Jargon Selection Associates Bankrupt Bankruptcy Bankruptcy Restriction Order (BRO) Charging Order Composition Cover Schedule (aka Bond) Creditor Creditors' Committee Extortionate Credit Transactions Income Payments Agreements (IPA) Income Payments Order (IPO) Individual Voluntary Agreement (IVA) Insolvency Insolvency Practitioner (IP) Interim Order Nominee Office Holder Official Receiver (OR) Preference Proxy Proxyholder Statutory Demand Supervisor Transaction at an Undervalue Trustee in Bankruptcy

If you would like to find out how much we could save you, please call us on 0800 7838 137 or complete our on-line questionnaire. If you would like us to call you please click here and complete the form.