Recovery Methods

The most common question we get asked is “What can I do to collect money owed to me”. When you’ve been owed money for a while and the debtor has stopped communicating with you, it can seem like there’s little chance of recovery. Persistence is key.

Below are just a few of the methods we use daily to collect funds on behalf of our clients all over the UK:

County Court judgement (CCJ)
We may issue County Court Proceedings against your debtor. This requires them to explain to the court why the money is owed and why it has not been paid. Once the court rules in your favor, a CCJ is registered on the debtors’ credit file. This makes it extremely difficult to get credit. Any lenders who are owed money by your debtor will also be informed. This can lead to credit agreements (such as vehicle finance, phone contracts) being terminated.

Attachment of Earnings (AOE)
If your debtor is employed or finds employment in the future, we may ask the court to issue an AOE. Once granted, the court will write to the debtors’ employer and request that an amount is taken from the debtors wages each month to cover the debt. It is a legal requirement that the employer makes the deductions as requested by the court.

Application for Third Party Deductions
If your debtor is in receipt of benefits, we may ask the court to allow us an Application for Third Party Deductions. Once granted, the court will request that deductions are made from the weekly/monthly benefit payments to cover the debt. We commonly use this method when handling rental arrears.

High Court Enforcement & Repossession
One of the most effective tools we have is High Court Enforcement. Where other avenues have failed, we may request that the debt is transferred to the High Court. High Court Enforcement Officers will visit your debtor to collect payment in person. If payment is not forthcoming, goods & equipment may be repossessed for sale at public auction.

 

Already tried the above? Contact us today and we’ll be happy to talk you through additional methods of recovery including Charging Orders and Insolvency.

 

Please contact us to discuss any requirements.