In addition to the enforcement of Judgements and Orders, there are alternative recovery methods available to you should you feel that the use of enforcement agents will be ineffective.
Our legal team is available to discuss all of the options available to you in an attempt to recover the outstanding money owed to you. They are also able to offer suggestions as to the most cost-effective methods available to you, which are likely to obtain a successful result.
For more information on the costs associated with the enforcement services that the 24 Hour Bailiffs Limited offers, please feel free to visit our ‘Fixed Fees’ Page for our LOW COST, FIXED FEE list.
Third Party Debt Order:
This Order can be applied for by the creditor against a third party who is connected with the debtor and holds money on their behalf, i.e. a bank which holds the debtor’s account. The Order is made in an effort to have the third party release any funds available to the debtor to the creditor, in an effort to repay some or all of the outstanding debt owed.
Attachment of Earnings Order:
This Order can be applied for by the creditor to request that the court order the debtor’s employer to deduct funds from their salary. On the Order being requested, the Court will review the debtor’s income and expenditure and will establish a fixed amount which can be deducted from their salary. This deducted amount will be paid to the Court and the money will be released to the creditor in an effort to repay the outstanding debt in regular instalments.
This Order can be applied for by the creditor to request that the court orders that a charge be placed on the debtor’s property and subsequently sold. Should the court order the sale of the property, payment of the Judgement debt will be released to the creditor from the proceeds of the sale. The debtor must wholly or partly own the property. The disadvantage to this method is that the Judge may be unlikely to order the sale of the property and therefore, the creditor may have to wait a long period of time before the debtor chooses to sell the property (if they ever choose to).
Insolvency proceedings can be issued against an individual or a company, if the Judgement debt owed is an undisputed debt above the sum of £5,000.00. A Judgement is not required in this instance. A creditor can serve the debtor with a Statutory Demand, providing the debtor with 21 days to make payment. If payment is not made in full, then bankruptcy proceedings can be issued against an individual debtor or a winding up petition can be issued against a company debtor.
For more information on any of the above recovery methods, please feel free to contact our legal enforcement team who will be happy to discuss the options available to you and the procedures and the costs involved.
Call us now on 01227 750 966 to speak to one of our experienced members of staff to find out how the 24 Hour Bailiffs Limited can help you. Alternatively, please feel free to complete our enquiry form and one of our dedicated debt recovery and legal agents will contact you to discuss your matter further.