Third party debit recovery order
Third party debit recovery order
Introduction
A Third-Party Debt Order (TPDO) is a legal tool that allows a judgment creditor to recover the money they are owed by having funds frozen in the debtor’s bank account. This process is often employed when other methods of debt recovery, such as negotiation or a County Court Judgment (CCJ), have proven ineffective. At Diplock Solicitors, we specialize in helping clients navigate the complexities of TPDOs to recover their owed debts.
Detail
Identifying the Debtor’s Bank: First, the creditor must identify the bank where the debtor holds an account.
Applying to the Court: The creditor applies to the court for a TPDO. This application includes details about the debt and the debtor’s bank account information.
Court Review: The court reviews the application and, if approved, issues an interim order. This order freezes the funds in the debtor’s bank account up to the amount of the debt.
Service of Documents: The interim order is served on the debtor and their bank. The debtor has a limited time to respond and dispute the order.
Final Order: If the debtor does not successfully challenge the interim order, it becomes a final order, and the funds are released to the creditor to satisfy the debt.
Our-Service
How Diplock Solicitors Can Assist You:
Our experienced solicitors at Diplock Solicitors can assist you with every step of the TPDO process:
Assessment: We will assess your case to determine whether pursuing a TPDO is the best course of action for your situation.
Documentation: Our team will help you prepare the necessary legal documents and information required for the TPDO application.
Court Representation: We will represent you in court proceedings, ensuring that your case is effectively presented to the judge.
Communication: We handle all communication with the debtor and their bank, minimizing any potential disputes or delays.
Resolution: Our goal is to help you recover the debt owed to you efficiently and effectively.
If you are struggling to recover a debt and believe that a TPDO may be the right solution, contact Diplock Solicitors today. Our expert team will work diligently to help you navigate the legal process and recover the funds you are rightfully owed. Your financial well-being is our top priority, and we are committed to providing you with the best legal assistance possible.
- Trusted Legal Experts
- Transparent and Fair Fees
- Proven Track Record
- Client-Centered
- Effective Solutions
- Prompt Support
How We Works
Process
Investigation
Work meticulously to uncover crucial information and evidence.
Internal Knowledge
Diplock provide comprehensive and strategic legal solutions.
Legal Research
Staying updated with the latest legal precedents and legislative changes.
Solution
Diplock navigating legal complexities with a results-driven mindset.
