If you google this, there is loads of info on there. It appears to be an alternative to an Administration Order, and it is the court who will decide if it is appropriate. Do you already have CCJ's or an Administration Order?? Strongly suggest you approach one of the experts on here who will give you free impartial advice.
Hi there You will need to have debts under £5k and a CCJ registered against you to apply for a Composition Order. Contact your local County Court and they will assist you Hope this helps, Melanie
Melanie Nicholas CertDR 30+years insolvency experience - 23 of which in the Insolvency Service and the past 8 years with a number of IP firms.
If I can be of any help to you in any way or answer any queries, concerns or worries you may have, or with completing the forms for bankruptcy, please do not hesitate to get in touch -I can be contacted via the experts tab