What Do Max Recovery Limited Do?
Max Recovery Limited (sometimes known as Max) is a subsidiary of JP Morgan. JP Morgan has been operating since the 1990s in the United States and in the UK, since 2001.
Max Recovery Ltd is a purchaser of post-insolvent personal unsecured debt from mainstream lenders in the UK. This often involves people who are subject to Bankruptcy, IVA, Trust Deed or Sequestration. This means they are essentially a debt collecting agency. The first point of contact you may have with Max Recovery may be an introductory phone call or letter. You will usually receive a letter outlining the total amount of debt owed, plus any charges or penalties which may have accrued plus a deadline to repay the debt in full.
Their customer support team are based in Leeds, whilst their registered office is in Canary Wharf in London. Max Recovery use Eversheds LLP as it’s servicing partner in the UK. They will liaise directly with Insolvency Practitioners to collate Max Recovery’s claims and collect any debt.
Can Max Recovery Ltd Send Bailiffs to My House?
In some cases, if court action has been taken and your debts are still due then the courts may appoint Max Recovery bailiffs to recover property and assets to the value of the debt.
Can Max Recovery Break into My House?
The chances of them being able to enter your property are quite rare. They can only do this if a Liability Order has been issued against you by a magistrate on behalf of the local authority. If you are a business then there would need to be an unpaid fine from a Magistrate, County Court or High Court.
It is the law that enforcement agencies are only able to enter a property if they have been inside the property before. They are then able to use what is known as ‘reasonable force’ to re-enter. This could involve the use of a Locksmith to help them gain entry. They can only try and gain entry during the hours of 6am to 9pm.
What Can Max Recovery Take?
There are restrictions on what can be removed from your property by bailiffs. If you have given Max Recovery entry or they have gained entry by other means, then they can remove what is known as ‘Walking Possessions’. These are those which are subject to ‘Taking Control of Goods Regulations’. They will make an inventory of any of those possessions in your home and estimate the current value. You can enter into a ‘Controlled Goods Agreement’ with them which will give you time to pay the outstanding debt.
If you fail to pay them, then they can return to your property and remove items. There are certain items which Max Recovery cannot take. These include essential items such as bedding, refrigerators, medical equipment, cookers and other items.
Telephone: 0113 389 3938
Evolve Servicing Ltd.
Leeds, LS11 5DR