“Notice of Distress. I have today levied distress at upon the goods and chattels listed in the inventory. Unless the outstanding amount is paid, together with all the costs, charges, expenses and fees of distress, the goods may be sold.”
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This letter would not come out of the blue; it is the result of a longstanding battle by a creditor to recoup the debt owed. At this stage, a bailiff will normally leave you, the debtor, with a notice of seizure confirming what has occurred. The notice will include details of the debt due and the costs incurred to date, an inventory of the goods seized and often a walking possession agreement. No notice at all is required from the Magistrates’ bailiff or HMRC.
21st June 2019
The government has announced plans that should soon see large companies being fined for failing to pay their smaller scale suppliers in a timely fashion.Read More
20th June 2019
The bathroom retail business Bathstore is facing the prospect of entering administration and potentially putting around 700 jobs in jeopardy.Read More