O

Debt Advice Glossary

O

Official receiver

The official receiver is a court official who deals with bankruptcy.

Outright possession order

An outright possession order is a court order that’s granted at a repossession hearing. It means that the courts have given the lender ownership of your property. You will be given an eviction date for 28 days later. By this date you will need to move yourself & your belongings out of the property.