Did you know that statistically everyone living is indebted to about 4500 USD? All you need is a delay in repayment of the loan or credit installment, and our data may be visible in the debtors’ databases. When our debts increase quickly, and debt collectors or a company that has lent us money cannot get it back, we can legally meet with a bailiff.
Where does debt come from?
The bailiff who knocks on our door is the worst thing that can happen to a debtor. Nobody wants to deal with this organ because we immediately associate it with something bad. Calmly! A bailiff is a person like us who only performs his duties.
Before our debt is dealt with by a bailiff, the matter of unpaid debt goes to court. The court is an authority which, on the basis of collected documents, analyzes the amount we owe, and whether interest has been accrued correctly. It is only after the analysis that the company with which we have debt decides whether the case is to be referred to a bailiff and hit the way of enforcement proceedings. Only then does the person in debt have debt from the bailiff.
What can a bailiff take?
Bailiff’s work is not the simplest. As a civil servant, his job is to collect the debt owed by the debtor to the creditor. He does not assess the legitimacy of the debt. Performs only the obligations that the court previously issued. All activities that the bailiff performs are described in law.
A person with debt bailiffs must know that he can collect liabilities from: his property, bank account, salary from work, movable property, retirement and even pensions. See what a bailiff can’t take.
What can a bailiff take from our home?
Below is a list of examples of things a bailiff can take in an apartment:
- DVD player
- air conditioner
- sewing machine
How to check what debt we have
What debt we have with a bailiff is public information. Under law, the bailiff is required to provide information for the debtor about his debt status. Often, debtors want to learn from the debt collector information about their debt via email, phone or SMS. Through these channels a person with debt bailiffs will not receive a response. For this you should submit a request for information on the state of debt. By receiving a return letter we will find out exactly how much our debt is bailiffs.
How to cancel a debt with a bailiff?
Can debt bailouts be written off? When asking this question, there is an important point to keep in mind. If attempts to recover money are unsuccessful, the bailiff may discontinue enforcement proceedings. In this case, the debt still exists, but the bailiff no longer takes money from the debtor. For an even better explanation, if the debtor receives a letter from the court bailiff about the discontinuation of enforcement his debt does not disappear – he still exists.
A creditor, ie a person or company whose debtor is in arrears of money, may apply to the court for a full debt cancellation. After the court has approved the application, the debtor disappears and he does not have to pay them back. Another example where debt collection can be written off is consumer bankruptcy. If the court grants the consumer bankruptcy petition, the debts will be written off.
Debt spiral – how not to fall into it?
The slogan “Spiral of Debts” appears in newspapers, television and the Internet. Unfortunately, it is often found due to the debt of people. It is true that you can fall into a spiral of debts very quickly, but it is difficult to get out. People who take out loans, often a loan for those in debt, need money to pay their previous liabilities. Debt is growing not only in one company, but also in another.
There can be many reasons for falling into a spiral of debts. We present the most important of them:
- job loss
- sudden illness
- random situations
- no financial security for emergencies
In order not to fall into the spiral of debts, before taking a loan, you should seriously consider whether it is necessary. The APRC, loan installment and repayment time are very important information. It is best to calculate exactly whether we will definitely pay back the borrowed amount on time. Many loan companies have installment loans in their offers, so we can choose the right repayment date and adapt it to the current financial situation.
Savings are another way to avoid falling into debt. Nobody wants to spend the accumulated money for years to pay off debts, but it’s worth having spare cash on your savings account in case of emergency. Thanks to this, we won’t have to worry about debts with a bailiff or in banking institutions.