Distraint is the operation of taking ownership of people's property to market at auction, in order to pay off overdue tax owed. The Inland Revenue has the legitimate right to take this course of action without a order from the court, but a certain procedure needs to be followed to stay inside the regulation. To start with, a mail will be sent to the debtor warning that distraint is about to begin. This can be followed by a visit to the debtor's residence or premises by a tax man, to be able to evaluate what belongings and possessions of value might be taken.
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Distraint - Your Options
Posted by nhunt73 29 days ago (http://www.debtnation.co.uk)
Distraint is the operation of taking ownership of people's property to market at auction, in order to pay off overdue tax owed. The Inland Revenue has the legitimate right to take this course of action without a order from the court, but a certain procedure needs to be followed to stay inside the regulation. To start with, a mail will be sent to the debtor warning that distraint is about to begin. This can be followed by a visit to the debtor's residence or premises by a tax man, to be able to evaluate what belongings and possessions of value might be taken.
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