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There are a number of enforcement options you can take to recover your debt once our debt collection team has obtained a judgment for you on your behalf:
Once our debt recovery team has obtained a judgment for you in the sum of £600 or less, we can make an application for a warrant of control. This warrant instructs a County Court Bailiff to attend the debtor's premises to seize and sell at auction goods to the value of the judgment. There are strict rules that govern the Bailiffs power to seize goods.
Once we have obtained a judgment for you in the sum of more than £600 we will instruct the sheriffs to transfer the judgment up to the High Court to obtain a writ of control. This writ allows the enforcement officer to seize and sell at auction goods to the value of the judgment. There are also strict rules governing the sheriffs. Should the enforcement officer be successful at obtaining payment or an instalment proposal then they will deduct their fees from the amount recovered. These fees are set at a specific level and are payable by the debtor. The sheriffs have to retain the monies for 14 days and then it will be sent to us. Should the enforcement officer be unsuccessful you are liable to pay an abortive fee of £75 plus VAT.
A statutory demand is a written demand for the payment of a debt. The Demand warns the debtor that if the debt remains unpaid after 21 days from the date of service then a Bankruptcy or Winding-up Petition can be presented.
What are the criteria for a Statutory Demand?
08 Jun 2017
The New Debt Protocol comes into force on 1 October 2017 and you need to prepare for the debt recovery…
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