Family debt problems

Badger23

Hello,

My mother and I are very worried about our situation at the minute, I don't know if this is the right section but ill post our situation

My brother has a huge problem with money and has at least 6 outstanding payday loans. He has had these problems for around a year, has received financial help from me, my dad and has even tried to emotionally blackmail my mother (who is probably the worst off fianancially but gets by)

Now, he still lives at home as do I and he owes what I imagine to be an extremely large amount of money. My mum fears bailiffs anytime soon. My brother has no assets as he had to return his car etc but my mother and I have several thousands of pounds worth of stuff in the house

Firstly, how can we protect our assets, do bailiffs have the right to take them?
I just would like to know what we can do to protect everything we have worked hard for. My brother just only cares about himself despite everyone telling him to sort himself. Him and my dad are no longer speaking as he owes my dad around 7 grand. (My dad covered my 3k loan, which was nice of him as it was all my life savings)

Please could I get some advice n what happens next with debt collectors etc. it's quite worrying when the knock on the door will be.

Regards

alastairq

Hi............welcome!

Firstly, how can we protect our assets, do bailiffs have the right to take them?

Firstly, there is a huge difference between debt collectors [who work for a Debt Collection Agency], and bailiffs..[who are agents of the Courts.]

Debt collectors have no powers whatsoever.

Bailiffs are instructed by the Court to recover monies owed, or seize property to the value.


They are only allowed to seize property [assets] which belong to the debtor...or they have reason to believe belong to the debtor.


To this end, it may be up to you and your family to prove your own ownership of any assets, rather than up to the bailiffs to prove who owns stuff.

There are strict rules which govern a bailiff's behaviour...and rules governing their ability to access property.


Since it is doubtful your brother will inform you if he has had a Judgement made against him, the first you may know of it might be when a bailiff knocks on the door .


Others on here can brief you further on what action you can take....