Getting a judgment against an individual or a company is sometimes only half the battle.
A judgment will require the debtor to pay within 14 days. Once this deadline has expired a number of enforcement options are available. Which option to choose depends on each individual case. We have decades of experience to help you decide.
What are the options?
At the outset of the matter, and as it progressed, we will have reviewed whether the debtor is capable of paying a judgment. After all, there no point in getting a judgment if the debtor can’t pay it. Where necessary we can instruct expert tracing agents on your behalf of to carry out searches identifying property and other assets which you may not have appreciated were owned by the debtor.
It is also possible to apply for an order that your debtor attends court and provides details about their financial position. This can be useful where you don’t know an awful lot about your debtor.
Enforcement options include:
- Charging Order and Order for Sale
- Attachment of earnings
- Third part debt orders
- Statutory demand
- Bankruptcy and winding up
We have had great success with enforcement over the years and have even taken possession of goalposts at a football match shortly before kick-off (our client got paid pretty quickly)!
If you have a judgment that needs enforcing, get in touch with our expert team.