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
Further Debt Recovery Information
We are a friendly, easy to deal with firm offering a debt recovery, credit control and insolvency service tailored to your needs and budget.
To arrange a discussion with no obligations contact out Debt Recovery Manager, Emma Northall, at our Wolverhampton Office on 01902 392421.
