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Bound goods

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Bound goods

Postby Spankymonkey » Mon Mar 13, 2017 4:50 am

Once an enforcement order is issued to allow a creditor to collect on an unpaid debt, the debtors goods become 'bound'. Would cash, that the debtor may also have in his home, be bound also?
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Re: Bound goods

Postby tph » Wed Mar 15, 2017 8:58 pm

Yes.
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Re: Bound goods

Postby Spankymonkey » Wed Mar 15, 2017 10:43 pm

So I have one pound in my pocket to buy a loaf of bread for the family. Would I potentially be in contempt of court by doing so?
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Re: Bound goods

Postby atticus » Thu Mar 16, 2017 7:14 am

You are potentially in contempt of court by not complying with the order to pay. That is what a judgment is, a court order to pay.
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Re: Bound goods

Postby tph » Thu Mar 16, 2017 3:41 pm

Money in your pocket would be considered to be on your person and probably could not be seized. Otherwise (using that logic) they could literally take the shirt off your back!

Generally it is wiser to give baliffs any cash you have against the risk of goods being seized as the value of the goods seized is likely to be considerably in excess of the amount owed and generally baliff's only sieze goods as a last resort.
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Re: Bound goods

Postby Spankymonkey » Thu Mar 16, 2017 9:02 pm

tph wrote:Money in your pocket would be considered to be on your person and probably could not be seized. Otherwise (using that logic) they could literally take the shirt off your back!


Bailiffs can't seize clothing.

tph wrote:Generally it is wiser to give baliffs any cash you have against the risk of goods being seized as the value of the goods seized is likely to be considerably in excess of the amount owed and generally baliff's only sieze goods as a last resort.


Even wiser to keep the door locked and the bailiff outside.
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