Debt Recovery
Enforcement of judgement
Judgement
There are considerations to be made when considering obtaining a judgement. Judgement will:
- Affect the debtor's credit rating
- Remain on the public record for 6 years (unless paid within 28 days)
Options for Enforcement
Once you have obtained a judgement you have the following options:
- Warrant of Execution - This will enable you to seize and sell the debtor's moveable property
- Information Order - Forces the debtor to reveal more about their financial status
- Third Party Debt Order - Doing this will mean a debt due to the debtor will be paid to you instead
- Charging Order - Take a charge over the debtor's premises / buildings
- Attachment of Earnings Order - Have the debt paid directly from the debtor's earnings
- Bankruptcy - Start Insolvency proceedings against the debtor
Your next step
- 1. Who will you be dealing with? Meet the Debt Recovery Team
- 2. Let us call you. Request a call back
- 3. Do you have any questions? Email an enquiry
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