Read through these new regulations
In essence if your car is worth £35,000 and is parked outside a debtors
property, the bailiff can seize it and in order for it to be released
you need to pay into the courts the amount the debtor owes even if you
have never ever met the debtor and have no dealings or contact with the
debtor. I double checked on this and it is what the regulations imply.
It
need not necessary be a car but could be a caravan stored on a property
and the caravan is not owned by the debtor and the debtor has no
financial interest in the caravan. Seems even if you have never had debt in your life, you could be held responsible for another person's debt! I think we need to spread the word on this
because if our car was seized for someone else's debt, there is no ways
we would be able to pay into the court whatever that debtor owes which
means that we are stuck without a vehicle!
In essence if your car is worth £35,000 and is parked outside a debtors
property, the bailiff can seize it and in order for it to be released
you need to pay into the courts the amount the debtor owes even if you
have never ever met the debtor and have no dealings or contact with the
debtor. I double checked on this and it is what the regulations imply.
It
need not necessary be a car but could be a caravan stored on a property
and the caravan is not owned by the debtor and the debtor has no
financial interest in the caravan. Seems even if you have never had debt in your life, you could be held responsible for another person's debt! I think we need to spread the word on this
because if our car was seized for someone else's debt, there is no ways
we would be able to pay into the court whatever that debtor owes which
means that we are stuck without a vehicle!