Litigation and Enforcement (Sept 2011)

Provided by Credit Today

The litigation and enforcement sectors must contend with increased competition for contracts as alternative avenues for debt recovery are explored by lenders.

As spending cuts and inflation render more UK citizens vulnerable to default on their debt obligations, so it is assumed that litigation and enforcement have an environment in which to flourish. For many this is not the case, and bailiff firms are starting to contend with less work against the backdrop of an uncertain policy framework.

An announcement on bailiff reform was expected from the Ministry of Justice (MoJ), but few in the industry will be holding their breath. The two issues at the top of the government’s agenda are aggressive bailiffs and the increasing use of the various enforcement tools used to execute on a judgement.

A clear definition of an aggressive bailiff has yet to be articulated, but the government’s continuing re-iteration of the statement means the industry can look to a future of increasing scrutiny from the public sector. At this stage however, a firm regulatory framework has yet to be outlined.

Whether you are a legislator or practitioner, this supplement explores the issues and sheds light on the implications of the proposed model being considered by the MoJ.

 

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