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Let's assume this question is regarding repayments under Bankruptcy. If you donot make your payments to the Trustee in a timely manner you case the trustee will put in a motion with the court to have your case dismissed for failure to comply with the directions of the court. If you are having issues making your payments you should contact your attorney especially if it is due to job loss or reductions in pay to see if it is possible to have some form of temporary reprieve versus simply lettting the case be dismissed. Once you are out of the protection of the Bankruptcy your creditor are notified and most likely will resume collection activities against you.

Usually, the bank or finance company will write to you and ask that you bring your repayments up to date. If you cannot do this, they are likely to pass the matter on to a debt collection agency. If you continue to default, and depending on the level of your debt, solicitors may be instructed to take legal recovery action against you. Legal recovery action is likely to start with a County Court Judgement, or CCJ, being obtained against you and could result in a charging order being registered against your property or even a bankruptcy petition being issued against you.

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8y ago
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Q: What happens if you defult on repayments?
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