Judgment
Judgment will:
- Affect the debtor's credit rating
- Remain on the public record for 6 years (unless paid within 28 days)
Enforcement options
Once you have judgment you have these options:
- Seize and sell the debtor's moveable property - Writ/Warrant of Execution
- Get the debtor to tell you more about his financial position - Information Order
- Get a debt due to the debtor paid to you instead - Third Party Debt Order
- Take a charge over the debtor's home, office etc - Charging Order
- Have the debt paid out of the debtor's earnings - Attachment of Earnings Order
- Start Insolvency proceedings - Bankruptcy
Credit checks before enforcing?
Before incurring the cost of enforcement you may want to check the debtor's financial position again, as far as you can. This would involve getting a credit report and checking that there are no current winding up petitions.
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