(7th Cir. Mar. 4, 2016)

Can’t get no satisfaction? Sometimes you can! Would you prefer to have security to cover a debt or the cash in the bank, challenges?

(6th Cir. B.A.P. Mar. 3, 2016)

(6th Cir. B.A.P. Mar. 3, 2016)

(Bankr. S.D. Ind. Feb. 24, 2016)

(Bankr. W.D. Ky. Feb. 18, 2016)

(Bankr. W.D. Ky. Feb. 16, 2016)

(Bankr. S.D. Ind. Feb. 16, 2016)

(Bankr. E.D. Ky. Feb. 12, 2016)

Obtaining Decree

In most circumstances, court proceedings will need to be raised by creditors to recover outstanding sums owed. Depending on the amount due, the action will be a Small Claim (up to and including £3,000) a Summary Cause (over £3,000 and up to and including £5,000) or an Ordinary Action (over £5,000). 

After obtaining a Decree (or judgement in England) there are a number of steps that can be taken, if the debtor does not make payment, to recover the outstanding debt. In Scotland this process is known as “diligence”.