Examples of Third Party Debt in a sentence
If the Court Order does not include a reference to the Deposit, or to the scheme administrator, The DPS will be unable to release the Deposit until either the Order is amended or a Third Party Debt Order is obtained.
If the Court Order does not include a reference to the Deposit, or to the scheme administrator, The DPS will be unable to release the Disputed Amount until either the Order is amended or a Third Party Debt Order is obtained.
Third Party Debt OrdersA Court order against a third party, often (but not necessarily) the judgment debtor’s bank or building society, requiring them to pay the judgment debt out of the judgment debtor’s funds.
Upon expiry or termination of the contract for the Services your payment obligations have not been made in full within this timeframe, we reserve the right to use all means available to us to collect this payment (including, but not limited to actioning our rights in clause 4.4 and Third Party Debt Collection Agencies both of which may have an impact on your credit history and rating).
A Third Party Debt Notice to bind earnings or a regular payment comes into force at the end of 7 days after the order is served on the third party debtor.