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court order

  • escapy
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08 Mar 08 #16206 by escapy
Topic started by escapy
How binding is a court order for ex to pay the capital. could i get a bridging loan on the strength of it.

  • DownButNotOut
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11 Mar 08 #16497 by DownButNotOut
Reply from DownButNotOut
Well the order is legally binding.

If it isnt complied with though nothing automatically happens. You have to go back to court to get them to make another order to enforce the first order.

As to whether you can get a bridging loan, I guess that depends on the financial institution and their attitude to risk and their assessment of the risk that the other party will fail to comply with the court order.

If all your other finances are in order and credit history is good and you find a friendly bank manager in a good mood I reckon you could get a bridging loan.

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