A writ is formal written order issued by the court.  It is an enforcement order made against a debtor by a creditor for the foreclosue and sale of a debtors assets.  Writs affect any asset not protected under the

A Judgement or Judgement Debt is awarded by the court.  The court has judged that you do owe the money.  The creditor that was been awarded the debt has 12 years to enforce their judgement.  It is recorded on your credit history for 5 years. [Bankruptcy] [Debt Consolidation] [Debt Consolidation Loans]

A printed letter or notice issued as a requirement under the Credit Code advising a Debtor that they have defaulted on a credit contract.  It will generally advise how much the debtor needs to pay by a specific time to correct the default. [Bankruptcy] [Debt Consolidation] [Debt Consolidation Loans]

Default occurs when a debtor does not meet their legal obligation according to the finance contract. Previously this also referred to notations on an individuals credit history [Bankruptcy] [Debt Consolidation] [Debt Consolidation Loans]

A type of credit default or “Overdue Account” used when it seen that a debtor has changed their address and contact numbers to avoid repaying the debt. [Bankruptcy] [Debt Consolidation] [Debt Consolidation Loans]