Random Question

flossieflipflop

Hey,

This hasn't happened to me and I've not been threatened with baliffs (my debts haven't got that bad - yet!) but been reading a few threads on here lately about baliffs and just had a few random questions:

If a Baliff takes some of your stuff is that the debt settled?
How does that then get recorded on your file?
Presumably the stuff they take, they sell on at a fraction of their value, so if it doesn't cover the debt what happens then?
How do the baliffs value your stuff - is it just their opinion on what something is worth?

Thanks for any help in settling my curious mind!!

ex-rayday

I personally would avoid baliffs, if you know you owe the money why not contact the companies and offer a regular lower amount you can afford?

hackedoffatthem

The stuff is auctioned off so the value is whatever it sells for.

bottleofred

Hi flossie,

The goods sell for a fraction of the price and the person who owed the debt is hounded for more the outstanding cash. To top this off, they will also pay storage costs etc for their own goods during the time of them being seized prior to them being sold. Try to avoid Bailiffs if possible.

flossieflipflop

Hi,

Thanks for the replies. Just to clarify i have not had any dealings with baliffs nor do i have any CCJ's or anything that would lead to baliffs. I had just seen some threads on baliffs and I just wondered how the system actually worked, purely from a curiosity basis NOT because I'm in trouble with baliffs or courts!! Apologies if that wasn't made clear in my first post.