Supreme Court rules against the McCanns in damages case.

[Mr Gray]

If it is an enforced bankruptcy he has ultimate power.......... and  the court can enforce the bankruptcy if their bill is not paid and see G-Units earlier post about transfer of debt.

any debtor can enfotce bankruptcy

[faithlilly]

Is it not?  I thought the McCanns were going to be bankrupted by Amaral which puts potentially puts their home at stake, yah?

Are they? You seem to know more than me Alfie.

[Eleanor]

He has the power to take your goods and sell them.

Only certain of goods, like luxury items.

[Mr Gray]

He has the power to take your goods and sell them.

not if you declare bankruptcy

[Alice Purjorick]

any debtor can enfotce bankruptcy

Did I say or imply they couldn't?
Two sorts of bankruptcy. Voluntary and enforced. Different rules.

[G-Unit]

Only certain of goods, like luxury items.

Is that a comfort, being left with just the necessities?

[Mr Gray]

Is that a comfort, being left with just the necessities?

I cant see any way that the mccanns will have gooods removed from their house....the idea is rather silly

[Erngath]

I cant see any way that the mccanns will have gooods removed from their house....the idea is rather silly

Wouldn't happen here, so hopefully not in England.  Used to be called warrant sales here but  these were abolished a long time ago, as far as I know.

[Eleanor]

Is that a comfort, being left with just the necessities?

I wouldn't know.  I only own necessities.  And I don't think The McCanns have much else.

[Alice Purjorick]

https://www.citizensadvice.org.uk/debt-and-money/debt-solutions/bankruptcy-2/how-to-go-bankrupt/dealing-with-the-official-receiver-after-bankruptcy/

https://www.gov.uk/government/collections/insolvency-service-guidance-publications

https://www.gov.uk/government/publications/claim-money-back-from-a-bankrupt-person-or-company-in-compulsory-liquidation-guidance-for-creditors/claim-money-back-from-a-bankrupt-person-or-company-in-compulsory-liquidation-guidance-for-creditors

[G-Unit]

I cant see any way that the mccanns will have gooods removed from their house....the idea is rather silly

I told you the way. The fund declines to pay their debts. They don't have enough to pay. The Portuguese courts pass the debts to the English High Court to collect. The High Court Enforcement Officers arrive at their house and they can't pay. Goods are removed. Simple.

I don't think it will happen because I think the fund will cough up, but it is certainly not silly, it's how debts are pursued and collected by the High Court.

[Erngath]

I told you the way. The fund declines to pay their debts. They don't have enough to pay. The Portuguese courts pass the debts to the English High Court to collect. The High Court Enforcement Officers arrive at their house and they can't pay. Goods are removed. Simple.

I don't think it will happen because I think the fund will cough up, but it is certainly not silly, it's how debts are pursued and collected by the High Court.

All goods, beds, cooking implements etc.?
 Seems Draconian. As I said in an earlier post this cannot happen here in Scotland

[G-Unit]

I wouldn't know.  I only own necessities.  And I don't think The McCanns have much else.

Why? They're not poor, are they?

[Erngath]

Why? They're not poor, are they?

No they are not poor.
So what goods can be seized. Here only cars if they are fully owned but not beds or furniture or clothes or cooking facilities or cooking implements.
I'm not too sure of what can be seized here as the practice seems to be so rare.

[Mr Gray]

I told you the way. The fund declines to pay their debts. They don't have enough to pay. The Portuguese courts pass the debts to the English High Court to collect. The High Court Enforcement Officers arrive at their house and they can't pay. Goods are removed. Simple.

I don't think it will happen because I think the fund will cough up, but it is certainly not silly, it's how debts are pursued and collected by the High Court.

Thats not how it works.......if you cant pay a debt you reach an arrangement with your creditors for  an amount you can afford to make monthly.

the court will not authorise enforcement unless the debtors have avoided co operation