“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.
12th December 2018
Small and medium-sized enterprises (SMEs) across the UK are paying increasingly large sums of money to collect amounts owed to them by their clients and customers.Read More
4th December 2018
The number of independent retailers who closed down outlets during the first half of this year reached a record high level for any comparable period.Read More