Debt recovery involves a number of legal terms that can seem complicated if you are not familiar with them. At Latimer Solicitors, we believe in keeping things clear and straightforward.
This glossary explains some of the most common debt recovery terms you may come across when working with our team. Each term is defined in plain English so you can feel confident and informed throughout your case.
We support clients nationwide across England and Wales, offering practical advice every step of the way.
A court order that requires the debtor’s employer to take money from their wages each month to repay the debt.
A legal process where an individual’s assets are used to pay their debts. It usually lasts for one year and is managed by an Official Receiver or Trustee in Bankruptcy.
A formal decision by the County Court confirming that a person owes money to another party. It remains on the debtor’s credit record for six years and can be enforced if not paid.
A court order that secures the debt against property owned by the debtor. It can lead to an Order for Sale if the debt remains unpaid.
A court document used to start legal proceedings to recover money owed. It includes details of the claim, the parties involved, and the amount due.
A judgment made automatically when the debtor does not respond to a claim within the time limit set by the court.
A written response by the debtor disputing all or part of the claim made against them.
The legal steps taken to make a debtor pay a judgment debt, such as using bailiffs, High Court Enforcement Officers, or an Attachment of Earnings Order.
A person who agrees to pay someone else’s debt if they do not pay themselves. Guarantors are often used in tenancy or loan agreements.
An officer authorised by the High Court to recover debts by seizing goods or collecting payment directly from the debtor. They are often used for larger debts over £600.
A formal letter sent before legal proceedings begin, setting out the amount owed and giving the debtor time to pay before a court claim is issued.
The time limit within which a claim must be made. Most debt claims must be issued within six years from the date the debt became due.
A court order requiring the debtor to attend court to provide details of their income, assets, and financial position. This helps identify how best to enforce payment.
A document filed with the claim form explaining the background of the case and why the money is owed.
A formal written demand for payment of a debt. If not paid within 21 days, it may lead to bankruptcy proceedings for individuals.
A type of court order used to record a settlement agreement between parties, allowing the case to be suspended on agreed payment terms.
A court order allowing bailiffs to visit a debtor’s home or business to collect payment or seize goods to sell for repayment.
We understand that debt recovery terms can be confusing. Our team takes time to explain everything clearly and make sure you always understand your options.
Whether you are at the pre action stage, have obtained a County Court Judgment, or need help with enforcement, we provide professional guidance in plain English every step of the way.
Our aim is to make legal language accessible and empower you to make informed decisions.
If you would like further advice about debt recovery or need help with a claim, our Personal Debt Recovery Solicitors are here to help.
Call 0161 798 9000, email info@latimerlee.com, or complete our online enquiry form.
Wherever you are in England or Wales, Latimer Solicitors can guide you through the process with clear, straightforward advice.