![]() Some creditors may use bankruptcy as a threat, without intending to go through with it, but if you owe a significant amount of money and have substantial assets (e.g. If this debt is for more than £5,000, they can consider petitioning to the court for your bankruptcy. ![]() The CCJ requests that you either pay the balance immediately or by instalments. Whether you respond or not, with an accepted offer of payment or not, a CCJ (County Court Judgment) is registered against you. You have 14 days to respond, extendable upon request to 28 days. Otherwise, the CCJ is awarded by default. ![]() This form details the amounts owed along with details of the creditor.ĭon’t Ignore A Money Claim. ![]() When creditor issues a default notice but is unsuccessful in recovering the money, the next step is to make a Money Claim to the court who will issue you a County Court Claim form. If you cannot afford to pay and you have additional debts, then you need to look for some debt advice. Ideally, if you can afford the full amount requested, pay this within the time limit to avoid potential court action. When the notice asks for immediate payment, instructions are included. However, they can not start legal proceedings without sending one which must allow you seven days to comply with its demands.Ī default notice is a warning and should be taken seriously. Am I being taken to court?Ī default notice is part of the legal process, but not necessarily a statement of intent to start legal proceedings. Contractual payments has been missed and your account is in arrears.
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