united-kingdom debt enforcing-judgment
Is it possible to sell a debt that has been ruled by a court
<p>In the UK, say Mr. Jones has a bad tenant and in getting him evicted racks up costs of £50,000. If the court rules in favour of Mr. Jones that the bad tenant owes him £50,000, is it possible to sell that debt to a collection agency?</p>

<p>Is it also realistic that any debt collection agency would want to buy it?</p>

<p>Yes, you can sell an interest in a debt; this is an alternative to paying a debt collection agency on recovery.</p>

<p>The contract that you have with the debtor may have limitations of the transfer of rights and obligations under the contract that may prevent this.</p>

<p>The value of the debt to the agency depends on the status of the debt and the credit worthiness of the debtor. If you have a judgement debt from a court, they don't come any more rock solid than that - the only limitation is the debtor's ability to pay. If the debtor has assets or a solid income stream an agency may pay 70-80% of the face value of the debt.</p>
