Recovering unpaid debt

[Willapp]

I've been in situations like this before, on both sides of the fence. When you agreed to do the work, was it a verbal agreement? Can they just come back and say they didn't authorise you to do it? The CCJ you issued will be against the company I'm guessing not the individual, so hes probably not arsed about that too much. He could potentially rack up dozens of CCJ's against the company with £000's of debts and change names from next Monday morning. A liquidator costs as little as a few thousand, and you would (probably) only realise they are liquidated after the event - they are meant to send out letters to each of the creditors if they tell them who they are.

Personally, I'd arrange for some people to go around to his personal address (don't do it yourself) and take something of his, a car perhaps, or cause a lot of damage to his property with a threat of going back if the debts not paid..... or alternatively just forget about it and put it down to one of those things.

Just my opinion...

No it was a written agreement with his signature on it, so we're water-tight on that front. The problem is like you say he's clearly not bothered about having a CCJ against his business even though I thought it was supposed to affect credit ratings etc. but I guess he doesn't care.

Your suggestion has crossed my mind, but the problem is (aside from being highly illegal and probably likely to get me in more trouble than him) he has my home address too as it's on all the court paperwork and I've no doubt that he's capable of (and probably willing to) doing far worse to me than I would to him.

Have sort-of decided to go down the debt sale route, but now I don't seem to be able to find any companies online who'll buy individual debts of this value. Tried Debt Buying | Debt Collection | Asset Tracing | Bluestone Arm but they won't consider anything under £5k. Any suggestions??

[Platypus]

Your suggestion has crossed my mind, but .. is .. highly illegal and probably likely to get me in more trouble than him

Exactly. Don't do it.

he has my home address too .. and I've no doubt that he's capable of (and probably willing to) doing far worse to me than I would to him.

Exactly. Don't do it.

And indeed he still might use this approach himself, whatever course of action you choose.

[doomage]

Have sort-of decided to go down the debt sale route, but now I don't seem to be able to find any companies online who'll buy individual debts of this value. Tried Debt Buying | Debt Collection | Asset Tracing | Bluestone Arm but they won't consider anything under £5k. Any suggestions??

Why not add on some interest and increase the amount owed to £5000?

[Safe Collections]

Why not add on some interest and increase the amount owed to £5000?

You cant just add interest at will

The judgement will continue to accrue interest but it will be a very, very long time before it gets to the £5K mark!

If the debtor company has assets it will be theoretically possible to turn the judgment into cold hard cash. But if it's a one man band operating out of serviced offices it's unlikely the company will have enough physical assets for a bailiff or HCEO to levy on.

As for playing the trading whilst insolvent card, forget it. The law is useless in that respect and all any dodgy director needs to say is "I thought I could trade out of the difficulties" and that will be that. Getting the insolvency service to investigate over a £3k judgment will also be nigh on impossible

EDIT:

OP if you want an idea on your chances of success, get a credit report from a decent provider (Ie Riskdisk, experian, equifax) and look at the suggested credit limit and any listed assets.

If the credit limit is good and the debtor company is showing assets you probably have a chance. If the company has a low or zero credit rating and is showing no assets on the balance sheet then the chances of getting paid are much less.

[cojak]

Take care Safe Collections - you're moving to the wrong side of our T&Cs.

[Safe Collections]

Take care Safe Collections - you're moving to the wrong side of our T&Cs.

We didn't mention selling anything

Only offering to help (for free) but will stop offering if it's frowned on