Enforcements officers are vested with authority that supersedes that of the court officers, over the debtors they are assigned to collect debts. This means that they have the power to execute some power rights assigned to them by the High Court. The powers that can be executed and enforced are highlighted below.
- They can issue Writ of Control, Possession, Possession, and Control, Restitution through a High Court judgment against any debtor.
- For any debt which is above 600 Euros, a County Court Judgment would effectively transfer the debt to the High Court for enforcement. However, this means that the debt isn’t regulated by the Consumer Credit Act instituted.
- Also, there can be enforcement execution on the Employment Tribunal or ACAS Award.
The Vested Power To The High Court Enforcement Officer
To be able to enforce claims, the High Court Writ of Control enables the named High Court Enforcement Officer through Writ of Control. GirlsAndBoysTown.org explains that the enforcement agency would contact the debtor through writing, and perhaps if there is a need, the agents would have to visit the debtor’s business location. This is aimed to secure an agreement on a payment plan or full repayment of the debt. However, the process gives the enforcement agents to take over business assets or goods in the absence of any concrete repayment plan or upfront payment. The enforcement agents can take further steps by selling off the assets of the business to be able to recover the debts. Although sales of seized assets, goods are often rare as there is room for negotiation and proper repayment agreement plans. More so, the assets can include equipment, jewelry, stocks, and other valuable assets that belong to the business. There can also be additional interested mounting over the debt at 8 percent per annum.
The Rights Enforcements Agents Have Over Removal Of Business Assets And Goods
Of course, the enforcement agents are established to enforce down the judgment of the High Court made through the writ of control. Therefore, the enforcement agents are granted the right to access the land, buildings belonging to the debtors in association with his business without any prior invitation. This is solely for the purpose of obtaining payment of the debt in full if there isn’t any communication on repayment plans decision. This then affords the enforcement officer or agencies as the case might be to seize the debtor’s assets. To achieve the number of debts owed by the debtors, the assets can be sold off publicly through auction, which is often below the market rates. However, these are actions taken by the enforcement agents to force the debtor to pay up their debts in due time and avoid forfeiting their goods.
However, if you have found yourself in this situation, you might need to talk to experts like qualitybailiffs.co.uk in debt handling matters to help institute a repayment plan and help you scale through the hurdles of enforcements.