Enforcing a County Court Judgment

[trunnie]

No stat demands can be served on individuals and companies, the implications are slightly different however and serving a stat demand on a large/middling company can be a very expensive mistake in terms of costs where you don't hold a judgment to base it on (and sometimes when you do). Both are one of the ways of starting formal insolvency proceedings (bankruptcy/liquidation)..

[CIS121]

trunnie said:

No stat demands can be served on individuals and companies, the implications are slightly different however and serving a stat demand on a large/middling company can be a very expensive mistake in terms of costs where you don't hold a judgment to base it on (and sometimes when you do). Both are one of the ways of starting formal insolvency proceedings (bankruptcy/liquidation)..

I don't understand this post I'm afraid. However, my solicitor has advised me in the past that a court judgement against a registered company is very easy to enforce and can be done so with 100% success rate so long as teh company stays in business. I've successfully taken several companies to court and they have always paid very rapipdly.

[Boosted LS1]

unrepentant said:

Boosted LS1 said:

A person with assets will usually settle if served with a Stat Demand unless they file a counterclaim or agree terms. It's a bluff but a very good one and simple to implement imo.

Boosted.

I thought stat demands could only be served on companies?

They are often served on individuals, usually via personal service which is deemed to be best but letterbox service can also be used if done correctly. Stat Demands are just about the easiest process to serve expecially on a limited company where you serve upon the registered office. A business intent on trading will rarely ignore a stat demand.