FW: How quickly does the creditor receive what they are owed?

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From: David Carter at The Sheriffs Office [mailto:david@thesheriffsoffice.com]
Sent: 13 July 2010 20:00
To: Andrew Cawkwell
Subject: How quickly does the creditor receive what they are owed?

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Clawing back what’s owed This week we look at how certificated bailiffs can support commercial landlords in the recovery on unpaid rent and the repossession of property and land. In the area of enforcement, we cover how quickly the creditor will receive their money once enforcement is successfully completed and the regulations around payment timescales. Please use the forward link at the bottom of this email if you wish to send these articles on to a colleague, client or friend. We have a new competition for July. The prize is an ultra slim HD camcorder – perfect for capturing those great summer holiday memories! You can enter here. David David Carter, Director at The Sheriffs Office Recovering commercial rent arrears When tenants get into arrears with their rent, the landlord may use the ancient common law remedy of distress for rent to recover this money. The landlord does not need to obtain a court order. He may simply instruct a Certificated Bailiff to enter the premises and seize goods (“distrain”) in order to sell them to recover the rent. It is a very fast and efficient process – the landlord can instruct in the morning and the bailiff can attend … MORE How quickly does the creditor receive payment? When the execution of a writ of FiFa (fieri facias) is successful, the High Court Enforcement Officer (HCEO) will have either been given the outstanding money owed by the judgment debtor, or they will have seized goods and sold them at public auction or by private treaty to raise the necessary amount. In either case, the HCEO will retain the money recovered “in suspense”, i.e. neither belonging to the creditor or debtor, for … MORE Shoes give the game away Our officers recently called at a property looking for a defendant. The defendant’s wife answered the door and stated that he didn’t live there anymore and that she had a restraining order against him for domestic violence. She showed our officer the order. But just then, our officer spotted a man’s shoes inside the house and gained peaceable entry to the property. Once inside, he made a diligent search for assets, only to find the husband hiding in the shower cubical. After some embarrassment, payment was made and he was reported to the police!   Residential rents rising, but so are arrears According to FindaProperty.com, average residential rents rose by 4% in the last quarter. Rents had dropped by 6% between early 2008 and the beginning of 2010, but this rise, with more expected, is moving the market towards a balance between stock levels and prices, giving neither landlord nor tenant the upper hand. However, getting paid is still an issue for landlords; according to Sweet & Maxwell, private landlords have filed … MORE Cash flow crisis averted When I first got in touch with the Sheriffs Office I was at my wits’ end with a situation with a customer. I am a small business and this represented a large amount of money to my cash flow and turnover. I have been in business for 30 years and have never found myself with this problem. I did not have any idea how to handle this or what to do to recover my payment. I wish to thank you all for the full support and understanding I have received from you. I telephoned you many times and you were never too busy to talk to me, or to explain the many questions I asked. Your attitude to me re the confidence you expressed that you would do all possible, has been a great comfort to me. I am delighted with your success in obtaining the amount of payment you have achieved. I have no hesitation in recommending you to my many business friends, and although I hope the need for your service will not arise again, I go away with the knowledge that I could contact you at any time. Avril Chatten Rapid residential repossession Residential landlords can get their property back quickly and efficiently using High Court Enforcement. You make a transfer application under Section 42 of the County Courts Act 1984 to the court that has issued the repossession order. Once the transfer is granted, an HCEO will usually evict the tenants within 7 days, although this has been done as quickly as 24 hours. Client Services: Tel 0845 688 9750 Fax 0845 688 9760 enforcement@thesheriffsoffice.com New Business: Tel 0845 688 9757 Fax 0845 688 9767 sales@thesheriffsoffice.com Debtor Services: Tel 0845 272 0850 Fax 0845 688 9760 enforcement@thesheriffsoffice.com The Sheriffs Office, Airport House, Purley Way, Croydon CR0 0XZ. Sheriffs High Court Enforcement Ltd does not accept service by fax or email. Unsubscribe | Forward to a friend Follow us on Twitter | Join us on LinkedIn

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