Cashing out because of court case (UB)

A new order dated 30/9/19 has been issued.  It's description is:

At £10 I don't think it's worth getting a copy of the order.

So a further Order has been made.  It's fairly self-explanatory... key points are in bold

IN THE HIGH COURT OF JUSTICE

Claim No: FS-2019-******
BUSINESS AND PROPERTY COURTS OF ENGLAND & WALES
BUSINESS LIST (ChD)

Before: The Honourable Mr Justice M***

Date: 4 October 2019

B E T W E E N :
A**
Claimant

- and –
(1) OPEN ACCESS FINANCE LIMITED
(2) OPEN ACCESS FINANCE LIMITED
as representative of those lenders who lent to the Claimant under the loans listed at Annex A to the Particulars of Claim
Defendants

----------------------------------------------------------
ORDER
---------------------------------------------------------
UPON the application of the Claimant by notice dated 4 October 2019

AND UPON HEARING the Claimant solicitor in person and Claimy McClaimface, Counsel, for the First Defendant

AND UPON the Court accepting the undertakings given by the Claimant set out in the Schedule to this Order

IT IS ORDERED that:

1. The Claimant’s application dated 4 October 2019 is allowed and the costs order in paragraph 5 of the Order of Chief Master ***** on 6 September 2019 shall be stayed until 4 p.m. on 31 October 2019;

2. The Claimant shall pay the First Defendant’s costs of the application as follows:

a. Provided that the same are paid by no later than 4 pm on 31 October 2019, either from the proceeds of sale of the Property as set out in the First Undertaking in the Schedule hereto or prior to such sale, the Claimant shall pay the First Defendant’s costs in the agreed sum of £4,000;

b. In default of payment in accordance with sub-paragraph 2(a) above, the Claimant shall pay the First Defendant’s costs of the application, to be subject to detailed assessment if not agreed, and shall pay the sum of £3,000 on account of those costs by 4 pm on 31 October 2019.

3. This order shall be served by the First Defendant on the Claimant.

Service of the order
A copy of the sealed order was sent by the First Defendant to:
(1) *** Street, London, reference ****, by post.


SCHEDULE
Undertakings given to the Court by the Claimant

(1) To pay the costs liability owed by him to the First Defendant under paragraph 5 of the Order of Chief Master ***** dated 6 September 2019 and the costs liability set out in sub-paragraph 2(a) of this Order from the proceeds of sale of the property known as “Land adjacent to ***** Cottage”, Wales (“the Property”);

(2) Forthwith to instruct the solicitors he has instructed in the conveyancing of the Property (“the Conveyancing Solicitors”):

a. to provide an undertaking, if they are willing to do so, to pay the sums referred in the First Undertaking to the First Defendant’s solicitors from the net proceeds of sale of the Property (after the deduction of any sums necessarily paid to redeem outstanding charges and the necessary costs of the sale); and

b. to keep the First Defendant’s solicitors informed as to the state of the conveyancing and to keep them generally up to date with the progress of the same, in particular that the Conveyancing Solicitors must inform the First Defendant’s solicitors if it becomes apparent that exchange and completion may not take place before 31 October 2019.

(3) To file and serve a witness statement by 4 pm on 7 October 2019 containing the information provided to the Court at the hearing on 4 October 2019 in relation to his assets.

(4) To provide the First Defendants with a copy of his above instructions to his conveyancing solicitors forthwith, and by email, upon their being given

So it's my understanding that:

- The claimant made two applications to the court dated 10 April 2019 and 15 May 2019

    - Both of these applications were struck out

    - The claimant has to pay £42,500 in costs for these two applications

And also:

- An application was made to the court on 4 October 2019

    - This application was granted

    - The claimant has to pay £4,000 in costs for this application

If he fails to pay both sets of costs by 31st Oct (presumably because the property sale hasn't completed) then he has to pay £3,000 in any case.

If he fails to comply with any court order then he could be held in contempt of court which would not be a wise move for someone who works in the legal profession.