Thousands of county court judgements are issued to companies in England and Wales every month. Receiving a CCJ will make trading made more difficult and may lead to a petition for the winding up of the business.
Where a creditor of a company (or sole trader) is unable to collect their debt, they can apply to the court to issue a County Court Judgement (CCJ). While there is no minimum limit on the amount for which a CCJ can be applied for, it is normal to instruct a solicitor to carry out the application and therefore would be unusual for the debt to be less than GBP100. A County Court Judgement (technically a County Court Judgment [note spelling]) is an order made by the local court to force payment of the debt.
Once a county court judgement has been applied for, the debtor is notified and given the opportunity to either confirm that the debt is owed or to dispute it. Generally 14 days are allowed for this process. Continue reading ‘Tips For Dealing With a County Court Judgement (CCJ)’ »