This is an order of the court providing a (previously) unsecured creditor with a charge over property to secure their debt.
To obtain a charging order a creditor must go to court, obtain a CCJ, and make two further court applications to obtain firstly an Interim Charging Order followed by a Final Charging Order. Once the Final Charging Order is granted the creditor holds a secured charge over the property. The Charging Order will need to be paid off on a subsequent sale of the property and provides the creditor with the opportunity to ask the court for permission to sell the property to obtain payment for their debt.
