Anyone on here evr issued a writ of fieri facias?

I've been recovering money off of a former 'friend' for some years now and he's finally decided that he's not going to pay any more. I have a CCJ against him and my options are:

1/ Wind up his company. Potentially expensive and I'll be a long way down the list of creditors to be paid.

2/ Writ of fieri facias. £500 to pay and then the Sheriff's men go in and recover goods to the value of plus their expenses.

3/ Forget about it and let an insufferable git off the hook.

I don't fancy any of them much but I've gone for number 2. I just wondered if anyone had any experience they could share.

Recovered money goes to upgrades on the SV and on the z750e money-pit. Sorry, I mean z750e project.

Thanks,

Mark

[Nobbylad]

Do you have any other 'friends' who might be able to help you encourage him to pay up?

Originally Posted by Nobbylad

Do you have any other 'friends' who might be able to help you encourage him to pay up?

Yes... But I'm not that bloke anymore (if I ever was) and I really don't need a scrotum of that magnitude on my step 8 list.

Besides, these things have a tendency to snowball.

Nope legal all the way for me.

The fantasy can be fun though!


Mark

Legally, from what little I know, option 2 sounds most sensible and less damaging financially of all the options.

[andrewsmith]

Option 2 is the best. IIRC it's only 60 notes, unless you need to petition the high court also (I'm surmising that the 500 is to do that)

sent from the shredded wheat factory

[Red Herring]

I guess it depends on how much you need to recover and how easily you can afford to write it off. I went with option 2 a few years back to recover £800 and it was a complete waste of time. They fobbed the bailiffs off with a load of baloney about it being a rented furnished property, despite my having provided them with a copy of the deeds. You might get lucky and get a company that employs people based on the size of their brain rather than their ego (no offence intended to any bailiff on here...) but don't hold your breath. I made the decision to cut my losses because quite frankly the frustration I was experiencing trying to deal with these people wasn't worth the end reward. Good luck.

Originally Posted by Red Herring

I guess it depends on how much you need to recover and how easily you can afford to write it off. I went with option 2 a few years back to recover £800 and it was a complete waste of time. They fobbed the bailiffs off with a load of baloney about it being a rented furnished property, despite my having provided them with a copy of the deeds. You might get lucky and get a company that employs people based on the size of their brain rather than their ego (no offence intended to any bailiff on here...) but don't hold your breath. I made the decision to cut my losses because quite frankly the frustration I was experiencing trying to deal with these people wasn't worth the end reward. Good luck.

Hmm. I figured that might be the case. I'm owed about £5,000 and I don't really want to let go of that just yet. It's a long way down from the starting figure and actually represents part of the interest he's had to pay on the debt. Interest on debt runs at 8% IIRC.

I think I'll let the Sheriff's men prod him with a stick for a while and then re-assess.

I could put his company into liquidation but that costs about £5,000 and I'd only be doing it out of revenge.

Not that that's an easy thing to put aside of course.

Thanks,

Mark

[Red Herring]

I agree, 5k is worth getting nasty over. I seem to remember one of my options at the time was to get a charge recorded against their house (hence I went to the trouble of finding out who's name was on the deeds). You won't get the money straight away but if they ever try and sell the property it has to be cleared before the deeds can change hands. If you have a mortgage you will find the lender has one on your home. Not sure if you can still do that but might be worth exploring?

[Bibio]

it must have been a huge amount of money for 'part of the interest' to be £5k. personally if he had paid me what he owed and some interest i would be happy. after all he could have just told you to stuff it long ago. it's not often that people actually stick to paying a debt that they could quite easily not.

give the guy his life back and lift the CCJ, after all he was your friend at some point in your life.

Originally Posted by Bibio

it must have been a huge amount of money for 'part of the interest' to be £5k. personally if he had paid me what he owed and some interest i would be happy. after all he could have just told you to stuff it long ago. it's not often that people actually stick to paying a debt that they could quite easily not.

give the guy his life back and lift the CCJ, after all he was your friend at some point in your life.

No.

He betrayed my fiendship and trust and laughed while he did it.

I hope he dies a miserable death.

Thanks for your suggestion though.

Mark