Borrowing money and taking loans today is a very common practice. Lots of people of all ages decide to borrow money from different people or institutions. Borrowing money is not a bad thing, because it can contribute to many good things for the borrower. People who have a great business idea but do not have money lend it and thus have a chance to achieve financial success. There are also people who decide to take consumer loans and this is not bad either.
Problems with repaying the loan
However, problems can begin when the borrower has a problem with regular repayment of the loan or when he is late in returning the debt. There may be different situations in life, sometimes a person may get injured, he may get ill, or he may fall into financial problems as a result of wrong decisions. However, if he borrowed, he is forced to pay it off, although it will be very difficult during problems.
When will the knock on the debtor’s door?
If the creditor sees that the debtor is late in repaying the loan, he most often decides to admonish him by means of registered letters, e-mails, by attempting to contact the telephone. At this stage, there is no question of the intervention of the bailiff. If the creditor does not obtain the intended effect, ie the return of the amount due, or some debtor’s declaration that the debt will be repaid, he may apply to the debt collection agency. The company starts its activities, trying to encourage the debtor to pay the debt. The debt collectors operate in various ways. They send letters of recommendation, with time the letters are full of certain scarers, for example, that the case will be reported to the court. However, at this stage, the bailiff will not visit the debtor.
However, if the actions of a debt collection company do not bring any results, if the debtor does not want to negotiate or avoids contact with the debt collector or with the creditor, a decision on filing a lawsuit may be made. In this situation the court will deal with the matter most often within a few days. After issuing the decision that bailiffs must be executed, the bailiff enters the game.
However, it is worth knowing that the bailiff does not immediately come to the debtor’s house. First, he tries to contact the borrower. The first steps of the bailiff’s action are execution at a distance. The bailiff usually owes the most debt due to the debtor’s remuneration, pension or old-age pension. The bailiff can take over the debtor’s bank account. The next step is to occupy the property and real estate, but at this stage the bailiff also does not have to come to the debtor’s house. It is enough that he will cooperate and write a statement about his possessions.
A bailiff’s visit to the house takes place if all of the above activities do not work. It’s worth being aware that a bailiff’s visit at home is really the last resort. It usually does not happen to her. The bailiff’s offices most often try to contact the debtor by letter.
What about the visit?
If the bailiff already knocks on the door of the debtor’s house, it is worth not to create a problem and submit to his actions. He has many rights, including the possibility of seizing a large part of the borrower’s assets, which he did not repay. In case of troubles with the debtor, the bailiff can come next time with the police, and the cost of this intervention will be covered by the debtor.
Avoiding a bailiff’s meeting is also not a good idea, because in extreme cases the bailiff has the right to come with a locksmith who will open the door. In principle, the bailiff can come to the debtor’s house at any time of the day, even in the middle of the night. Of course, such cases are extreme, but they are possible if the debtor avoids cooperation very much.
Can you give the debtor peace?
In very special cases, during the bailiff’s execution, it may happen that the bailiff will withdraw from the enforcement of the debt. If the debtor is in a very difficult financial situation, no job, no sickness, no valuable property and no money on the bank account, the bailiff may abstain from his execution activities. Such a situation will of course not result in the liquidation of debt. The creditor will be able to file a debt application again within ten years if the borrower’s financial situation improves.
Remember that the bailiff’s visit to the apartment is really the last option in the debt recovery process. The best option is, of course, reaching out to the debtor with the creditor, spreading the installments, postponing the repayment date. It’s good to work out a compromise. In the case of extremely unwilling debtors, there may be a lawsuit and after some time the bailiff can visit such a debtor. However, since the initiation of the enforcement procedure, the bailiff’s visit is really long. It can be estimated that from the time of late repayment of the loan or loan, it may take 3 – 4 months for the bailiff’s visit. Of course, this is not a rule, this time may be slightly longer or slightly shorter.