HCEO’s What has been your experience?
Last year I obtained a CCJ against a guarantor which I subsequently upgraded for enforcement by HCEO’s (High Court Enforcement Officers). I expected fairly swift and effective results but to date no payments have been received.
The HCEO costs are now about double the original debt!!
I am VERY disappointed with the service I have received which is far different to that shown on the TV programs.
Have you had a similar experience ?
Is there a different, perhaps more effective, way to go about trying to get monies due from a debtor?
Thanks
Michael Thorogood
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Member Since March 2014 - Comments: 143 - Articles: 129
9:45 AM, 16th July 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “16/07/2015 – 08:55“:
Alas, this is often the case. And again, it’s a commercial decision. Whilst difficult to enforce we have had some successes in such circumstances, usually where friends or family assist.
Member Since January 2011 - Comments: 12210 - Articles: 1406
9:48 AM, 16th July 2015, About 11 years ago
Reply to the comment left by “Luke P” at “16/07/2015 – 09:45“:
Where the debt is greater than £750 you are well within your rights to have a statutory demand served and then petition for bankruptcy if the debt is not settled within 21 days.
This will cost you money, especially if a defence is filed, so you have to consider the cost of vengeance. It is unlikely to be commercially viable but I do understand that for some people principles have a greater value than money.
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Member Since March 2014 - Comments: 143 - Articles: 129
9:50 AM, 16th July 2015, About 11 years ago
Reply to the comment left by “Luke P” at “16/07/2015 – 09:45“:
Luke, unfortunately we work within a system that currently favours the debtor rather than the creditor. Enforcement powers are slowing being removed rather than strengthened.
Maybe Gove will see the light (his No2 is a former City lawyer) and give creditors the options they need to recover what they’re owed.
We can but hope.
Member Since March 2015 - Comments: 1969 - Articles: 1
9:51 AM, 16th July 2015, About 11 years ago
It is very rare I don’t get paid, but if getting that payment was made easier, I’m all ears.
The forced sale is going to be interesting because often Judges won’t allow it because the debtor needs the house to live in, but in my case the chap is (on the side) renting it out and gone back home to live with parents -Judge can’t really refuse, I wouldn’t have thought.
Member Since March 2014 - Comments: 143 - Articles: 129
9:52 AM, 16th July 2015, About 11 years ago
Reply to the comment left by “Mark Alexander” at “16/07/2015 – 09:48“:
Mark, the limit for individual bankruptcy rises to £5,000 in October.
Member Since January 2011 - Comments: 12210 - Articles: 1406
9:52 AM, 16th July 2015, About 11 years ago
Reply to the comment left by “Luke P” at “16/07/2015 – 09:51“:
Are you going for immediate possession or a charging order followed by a possession application?
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Member Since March 2015 - Comments: 1969 - Articles: 1
11:02 AM, 16th July 2015, About 11 years ago
Charging order then possession application.
Member Since January 2011 - Comments: 12210 - Articles: 1406
11:05 AM, 16th July 2015, About 11 years ago
Reply to the comment left by “Luke P” at “16/07/2015 – 11:02“:
That’s what I would do, good luck! 🙂
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Member Since September 2014 - Comments: 138
10:04 PM, 16th July 2015, About 11 years ago
Reply to the comment left by “Robert Mellors” at “16/07/2015 – 08:15“:
I agree with you, but we just put false hope on it , and hopping HCEO will make difference.
Member Since September 2014 - Comments: 138
10:08 PM, 16th July 2015, About 11 years ago
Reply to the comment left by “David Carter” at “16/07/2015 – 09:52“:
What is good about bankrupt them, just wipe out what they owe?