Instalment agreement
50.06 Instalment agreement
(1) A judgment debtor and a judgment creditor may enter into an agreement for the payment of a judgment debt by instalments (in this rule called an instalment agreement), whether or not an instalment order has been made.
(2) Each party must sign the instalment agreement in the presence of a witness (other than the other party) who must also sign the agreement.
An instalment agreement is to be:
in writing, and may be in accordance with Form 50G; and
(b) filed not later than 7 days after the parties have signed the agreement.
(4) When a signed instalment agreement is filed, it has the same effect as an order of the Court for the payment of money by instalments.
Part 51 Charging order
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