It is unfortunate that most creditors who take debtors to court still do not get their money back after they have secured judgement. Suing the debtor is the last option the company chooses because recovering money from judgment debtors is the most difficult work we do. The trick is to embarrass the debtor which is done legally. There are many ways to skin a cat. Some of the ways include:

The old-style remedy

The old-style remedy means assigning bailiffs to give notice to the debtor that they will be coming. This gives the debtor too much scope to dodge. High Court Bailiffs are more effective. We work closely with the High Court and other reputable firms. This remedy is effective only when there are assets to seize. The assets need to be of sufficient value so that the creditor can get something out of it after it has been sold. Nevertheless, we have been able to recover a significant sum for a client by seizing chairs of the debtor who owns a flashy restaurant.

Third Party Debtor

Third Party Debt Order is another weapon which works best as a threat. In practice it is actually self-defeating. Most debtors do not want their employers to know that they are in debt and perhaps more to the point, no employer likes the idea of paying part of his employee’s salary to the court. This generally leads to the sacking of the employee who has no option than to start all over again.  These days by law, the ex-employer have to disclose to the court the employee’s national identification number and Social Security number as well as the current working place of the employee. This applies only when the debtor is working.

In a situation where the judgement debtor has a property, we can legally seize the property. We summon the debtor or owner of the company to attend court and explain on oath his or her failure to comply with the Court Order to pay within the number of days given him or her.  Ignoring the summons is imprisonable. The debtor has to attend the court with his or her bank statements, rent books, details of all his assets, his car etc. and any other documents you, the creditor, may suggest so that the court can be told who he owes and who owes him, what are his debts and what are his assets. We always strive to know the debtor’s three year’s tax returns, bank statements and all insurance policies. About 80% pay up to avoid all these stress and embarrassment.

For more debt recovery tips, contact us on 0577669030, 0577669039, and 0577674763 or via our social media handles.


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