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Author Topic: Bailiffs and recovery of Money  (Read 3560 times)

Offline Jussa

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Re: Bailiffs and recovery of Money
« Reply #15 on: June 24, 2011, 10:53:24 pm »
That's the biggest F*ck up in this country!!!!  You go and pay for something with your debit card (cause u actually have the funds) and get F*cked over cause you're not using a credit card!!! People using the credit card should be the ones at risk, not the people that actually have the funds in the 1st place  :stupid:  :fighting: :fighting:
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Offline Poppa Dom

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Re: Bailiffs and recovery of Money
« Reply #16 on: June 24, 2011, 10:57:45 pm »
If you are a director of a small business which receives a county court judgement (CCJ) you may be affected personally even if your company is limited.
If a business owes money which it is unable or unwilling to pay, the creditor will normally apply to the court for a county court judgement. A CCJ can not in itself force the company to pay what is owed. However, it will be recorded on a limited company's credit file. This record may make future borrowing more difficult. In addition, the CCJ may pave the way for the creditor to start a winding up action.  :happy2:
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