Debt Recovery  

This process begins with attempts being made to contact the debtor and come to a settlement.  In the event that these efforts fail then an initial demand letter will be sent and soon afterwards proceedings are issued in the appropriate Court, (County Court or High Court depending on circumstances and amount of money involved).  We will conduct, on your behalf, all the necessary proceedings including the preparation for trial and the instruction of a suitable barrister.  Once a Court Judgment has been obtained we then turn our attention to the matter of enforcing the Judgment.  
Whilst it is true that usually the Debtor's means are a known quantity, there are occasions, when it is not know what, if any, assets the Debtor has available to pay the Judgment Debt.  If it is not known then we are happy to investigate the Debtor's means and have our enquiry agents obtain as much information as possible to assist in the execution of any Judgment obtained.   
There are several methods of enforcing Judgments and in the main these are:-

• Execution by High Court Enforcement Officer or County Court Bailiff. - They would initially attend the Debtor's premises and attempt to secure payment of the debt.  Should payment not be forthcoming they would seize and sell the Debtor's goods to satisfy the Judgment Debt and the cost of enforcement.
• Charging Order against the Debtor's land or property. - This would be obtained. Thereafter an application for an Order for Sale can be made and the property liquidated to satisfy the debt.
• Charging Order against securities.
• Third Party Debt Order. - This is a process where a third party who owes money to the Judgment Debtor is forced by Court Order to pay the Judgment Creditor instead of the Debtor directly.  The usual target of these proceedings are bank accounts or building society accounts or the trade debts of the self-employed.
• Attachments of Earnings. - An Attachment of Earnings Order is an Order which forces the Debtor's employer to take deductions from the employee's wages and pay them direct to the Court.