3 Simple Tips to avoid Creditors banging on your door asking for money!

HCEO – You hate CEO of your Creditor, well maybe just maybe they can do you a favour…..how – well read on, more will be revealed shortly…..

What does the HCEO mean/what do they do I hear you ask? – Britain’s civil police force, who will by any legal means necessary enforce you to give up assets to get you to pay for a CCJ, or a Judgment Debt that could have been well avoided many days/months/weeks ago.

So, recently I tweeted about the epidemic that is striking Britain especially where Court Orders granted are unpaid for.


What many seem to forget is that many creditors will give the debtor (i.e those at default of their Account with their Creditor ) a chance to remedy their wrongs, through an abundance of payment plans, many defaults, LBA’s before proceeding with Court Action.  Depending on the type of value outstanding, many months, Court Orders, professional fees et al could be spent in trying to get a CCJ through against you from your Creditors, resulting in unnecessary costs.

Money, Money, Money - "no longer a rich man's world"

Money, Money, Money – “no longer a rich man’s world”

For instance, in the programme broadcast by Channel 5, recently, the story in regards to the £518,000 judgment for damages to be paid to a former Business Associate was shown, in which after Court Costs and other assorted legal fees were added to the Judgment, rose to nigh on £642,000.  The HCEO (High Court Enforcement Officers) had turned up to execute a Writ (Execution of a Warrant) to remove assets which are to the value of the Judgement.  The Officers turned up to a leafy large detached property, with steel iron electric gates, whereby they had found three vehicles on a large drive capable of holding several cars. (two of notable value and one which was in echelon of being one of the UK’s registered rarest cars, being earmarked for seizure).  The defendant then confirmed that the vehicles did not belong to them, and that were registered to others, which meant that the vehicles had to be returned.  Subsequently, at the end of the programme we were shown, that proceedings regarding the Writ had been stayed (adjourned, or delayed in normal terms.), which meant that further accrual to legal costs for both sides.

If dealt with initially, leads to less problems later on

If dealt with initially, leads to less problems later on

So, what can you do to avoid having your assets repossessed?

1) Talk to your creditors

Experiencing cashflow issues, we all go through them.  Creditors are likely to place Late Charges to your account, increased difficulty in communication is likely to occur, and if calls are ignored, then the seemingly good relationship, is likely to be disturbed, and that your account undoubtedly becomes high risk.

2) Set up a payment plan that suits you and your Creditor.

“Sorry Sir/Madam, but we cannot allow that!”, are your circumstances that desperate that you cannot afford to clear the debt down in no more than three payments.  Stick to it, if you can – any change in your Cash Flow situation is likely to be show that you are trying to clear the balance down.  If monthly payments are not suitable, then you can if necessary show that you need to be shown some sort of flexibility from the Creditor.  Try and structure it over a longer period of time.  If you think they are being unreasonable, then write to the CEO – they are likely to show you a way forward to resolve the bad Customer Service that you may be suffering at the hands of your Creditor.

3) Negotiate your way through – get them to see the Wood For the Trees!

Creditors will listen to your needs and some of them, depending on the kind of models that they employ within their own business, may be able to promote where necessary ways to help you stay on your feet.  After all, you would not achieve anything by antagonising them.  By feeding them your current set of circumstances, they are more than likely to listen to you and work alongside you.  Failing which, the only other solution for the majority of them would be taking legal action against you, and if they find you – then you can run but cannot hide the full force of the law.


Are you a business suffering from the dreaded arm of the law from your Creditors.  Rest assured – the Writer of this article can assist you getting the best of your business needs, please contact: Ron Mookerjee of http://www.doug-carr.com/about for more information.

For more stories off the Bailiffs clearing out the backlog of Britain’s debt – please visit https://twitter.com/hashtag/CantPayWellTakeItAway?src=hash, where you can be updated weekly on the plight of people and businesses alike negotiating their way out off debt.

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