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CREDITmanagement

Orders for Sale

Two further examples:

1. “Unfortunately many courts are now receiving many unmeritorious applications for orders for sale often made by an assignee in respect of small or modest debts (such as credit card debts) purchased at a knock down price. Such applications are likely to be dismissed as totally without merit and subject to an adverse costs order”. Serious abuse is suggested, whereas the vast majority – maybe the totality - of the 346 listed applications represented such try-ons, and MoJ evidently trusts its DJs to see them off.

2. “We have seen cases where creditors are not using any other form of enforcement before applying for an order for sale (where fi rms have a policy of using orders for sale). We have also seen applications for attachments of earnings after an order for sale has not reaped suffi cient equity, rather than beforehand”. Again serious-sounding, except that creditors can use as many enforcements as a case warrants, and in any order, subject always to DJ scrutiny.

Cm

Jeremy Sutcliffe is Vice President of the Civil Court Users' Association.

To advertise in

Credit Management –

contact

Rob Beddington by emailing

rob.beddington@ icm.org.uk

or by telephone on

01780 722910

When you’re thinking about credit management

isn’t a word that immediately

springs to mind

Passion is at the heart of everything we do. Passion is drive. Passion gets results. It’s a commitment to recovering your debt that means that we go the extra mile for every one of our clients. It means that we recover

over £20 million in debt every year. Because whatever industry you work in, we put everything we’ve got into recovering your debt. It keeps us at the top of the Legal 500 and Chambers and Partners Guide. And it helps to

bring back our customers, year after year. As you can tell, we feel quite strongly about credit management. Some would say we’re passionate about it.

For more information on how our passion can help your debt recovery, call 0845 404 1999 or visit www.incasso.co.uk today

Empowering the credit profession

www.incasso.co.uk

www. icm.org.uk May 2010

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