Notice of intention to stay

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susan.t

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Post by susan.t » Fri Jun 05, 2015 6:31 pm
hi everyone, I'm wondering can anyone shed some light on a letter I've received today from the enforcement of judgements office. It's a notice of intention to stay enforcement. It says 'take notice that it appears to the EJO that enforcement of judgement in the above matter ought to be stayed on the ground that having regard to the liabilities of the respondent the property of the respondent ought to be administered for the benefit of all creditors. I've googled this I have no idea what it means! Please help!
 
 

Adam Davies

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Post by Adam Davies » Sat Jun 06, 2015 9:08 am
Hi

Stayed would usually mean a "hold" or "postponement" of any action

Wait for other responses

Regards
Andam Davies
 
 

Foggy

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Post by Foggy » Sat Jun 06, 2015 10:38 am
I don't know how the EJO works, but the way I read it is that they have decided that enforcement on behalf of the creditor who has started the action would only benefit that creditor and that it would be more equitable if any repayment of liabilities was shared between your other creditors too ... as it will be in BR.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

susan.t

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Post by susan.t » Sat Jun 06, 2015 11:20 am
So basically they are saying they are not taking any action at the minute because I owe money to others apart from creditor petitioning?
 
 

Foggy

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Post by Foggy » Sat Jun 06, 2015 11:24 am
That is how I see it ... but could be wrong !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

susan.t

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Post by susan.t » Sat Jun 06, 2015 4:43 pm
Thank you Andy and Foggy. I'll give them a ring on Monday and see what I can find out
 
 

Lisa Thomas

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Post by Lisa Thomas » Mon Jun 08, 2015 9:45 am
If you are in an IVA and enforcement proceedings were started relating to a pre IVA debt before the IVA they cannot be continued due to the IVA 'moratorium' so this may be what the notice relates to.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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