Bailiffs and Unpaid Debts

It is always wise to settle debts as soon as possible. However, there are times that debts can be uncontrollable especially if it accumulates high interest at very short time. When it becomes uncontrolled and unmanaged, you may need to seek debt help. You can start by asking help from a professional and experienced debt advisor. They can give you various options for debt help that are suitable for your current financial condition. They may present debt consolidation loan, debt management plan, and other ways to get you back on track.

Debt help is not just a one-way street. It is not merely an advice, counsel, or option laid by debt advisor. It is most importantly your way of saying that you need to get out of debt practically and realistically. In other words, it takes your commitment and cooperation to get out of debt. This entails diligence in paying debt consolidation loan (in case this is the option you chose) or diligence in any settlement agreement.

What Happens If Uncontrolled Debts Are Not Settled 

There are people who find it easier if they just ignore the pressures from the creditors and live as if they have no financial problems. These types of debtors typically do not want to settle their debts thinking that they took advantage of the goods they got from debts (in case of credit cards) anyway. But the hard truth is, creditors never forget debts. They tend to makes ways to collect what was owed from them. The worse thing that creditors can do is to seek assistance from the court. Once they do this, debtors can be left in the most unfavorable situation. The worst situation is when the court orders sending bailiffs to the home of the debtor.

What Are Bailiffs and What Do They Do

Bailiffs are people authorized by the court, whether by the County Court Judgment or by Magistrate Court, to visit the debtor’s home and seize the debtor’s goods as payment of the debts. The seized goods will be sent in auction and the proceeds will be used to pay the debts. As much as possible, bailiffs enter the home peacefully and not by force. However, certain conditions may allow forceful entry of bailiff such as seizure due to unpaid taxes.

What Bailiffs Do and Do Not Seize

Because debtors do not cooperate in any debt help, his goods may be seized by the bailiffs as means to pay the debt. This is by order of the court with proper authorization. Bailiffs can only seize goods that are owned and co-owned by the debtor. Other than this, the list below cannot be seized by bailiffs:

  • Fittings and fixture
  • Good not owned or co-owned by the debtor
  • Hired goods

Rented goods

It is then important that debtors do not reach its debts to the court. Otherwise, money won’t be the sole problem anymore. Other material goods will be possibly seized as well. When on the verge of bad debts, it is important to get out of debt by seeking debt help immediately.