The Ministry of Justices (MoJ) Orders for Sale Consultation (the Paper), on whether to impose a minimum threshold on order for sale applications for charging orders (CO) based on regulated agreements, has just closed. The author's first quibble is with MoJ's craven failure to stand up for COs as a legal fact of life. His second quibble is the Paper's assertion that COs are unfairly snaring unsecured debtors, stating MoJ is considering a threshold because consumers are paying a higher rate for unsecured borrowing and have not, until recently, been warned that they may still lose their home if they default on their debt. His third quibble is MoJ scaremongering about what might happen while knowing the stability of what actually happens.
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