Can bailiffs / CCJ or any other force related to debt collection, take money from your S&S ISA?

CreditCardChris

Let's say for example you owe £20k or whatever you're taken through the system but you still refuse to pay up. I know your bank account can be frozen and the money in it can be taken to pay off the debt but what about your S&S isa? 

Galloglass

Depends on the type of debt solution that follows from a CCJ. Bailiffs tend to take chattels - moveable items. CCJ's tend to want free cash.

However with sufficient debts (over £5K?) there is a possibility of bankruptcy proceedings where assets such as an ISA can be used to pay the creditors. 

John_

CreditCardChris said:

Let's say for example you owe £20k or whatever you're taken through the system but you still refuse to pay up. I know your bank account can be frozen and the money in it can be taken to pay off the debt but what about your S&S isa? 

As above, yes, there are routes that can lead to assets such as you mention being taken.

If you’ve been ordered to pay by a court (is that what you mean by having been through the system?) then why are you refusing to pay?

CreditCardChris

John_ said:

CreditCardChris said:

Let's say for example you owe £20k or whatever you're taken through the system but you still refuse to pay up. I know your bank account can be frozen and the money in it can be taken to pay off the debt but what about your S&S isa? 

As above, yes, there are routes that can lead to assets such as you mention being taken.

If you’ve been ordered to pay by a court (is that what you mean by having been through the system?) then why are you refusing to pay?

I haven't been ordered by a court and I don't owe any money, I'm just asking as a matter of curiosity.
Thanks for the replies.

kangoora

It may be useful to point out that pensions AFAIK are protected from bankruptcy