How To Collect An Unpaid CCJ
Do you work for a Business-to-Business organisation and have recently experienced problem clients that have left payments unpaid or missed payment dates?
Have you exhausted all means of communication to chase the client for payment? Are you asking yourself How To Collect An Unpaid CCJ?
If you have clients that are not paying you, you may think that having a Country Court Judgement (CCJ) sent to your debtor will prompt a payment to be forthcoming from them.
Unfortunately, regardless of the severity of being sent a CCJ, this is not always the case.
A County Court Judgement, or CCJ, is a type of court order in England, Wales and Northern Ireland which is used in the event of someone failing to pay money that they owe.
There are over half a million CCJ’s that are sent out every single year, which highlights the obvious necessity for these.
If a debtor does not pay the amount that is owed within one month of receiving the CCJ, this will be placed on their credit records for six years.
This will result in the debtor having difficulty to obtain credit in the future.
Whilst they may make debtors immediately pay or agree to an installment of payments, some will simply ignore the CCJ. This is where the need for CCJ enforcement is necessary.
It can take a lot of valuable time to obtain a County Court Judgement, so when your debtors still won’t pay you, this can leave you feeling angry and disappointed.
If your debtor has left both of these unpaid, this is when higher enforcement action will need to be taken in order to recover the money that is rightfully owed to you. There are a variety of options when it comes to this, and choosing the most appropriate option is extremely important.
It has been known that if you choose the wrong method of recovery, then this can be worse than choosing none at all, and could impact your finances or cash flow.
At Federal Management, we have hundreds of years worth of combined experience in dealing with enforcing the payment of County Court Judgements. Our robust, professional and pragmatic service ensures the maximisation of a potentially successful recovery of your unpaid CCJ.
How To Collect An Unpaid CCJ | Get Expert Help From our Team Now
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Non-Payment of A CCJ – 4 Things You Can Do To Collect
Our award-winning team of expert Debt Collection experts have put together the top 4 options available to you when attempting to collect an unpaid CCJ.
Apply A Charging Order
When you have a County Court Judgement that has been placed upon a debtor, you can apply a charging order to this to assist with the collection of the debt.
If your debtor owns or is interested in buying a property you can request that the court place a charge for the amount you are owed from the price. Additionally, court fees and basic costs will be added to this also.
If you choose the option of a Charging Order, you may not be paid the debt immediately as this will only be released once a property is sold.
However, this will give you some security that your debt will be paid to you provided there is sufficient equity on the property.
It’s normal for those that are owed money to wait for the debtor to sell their property, however, you may be able to force a sale. This will mean that your debt is paid off quickly.