All the advice above is good, especially the note about not ignoring it and reading very carefully any correspondence that arrives - particularly anything that comes from the Court, if it gets that far.
Something to remember about bailiffs is that they cannot force an entry into your home. If you let them in, however, you cannot prevent them removing items, and generally speaking offering them cash at that stage won't work. It should also be noted that bailiffs don't work for nothing, and their charges will be added to the original debt, so try not to let things get to that stage. As mentioned above, make a realistic offer and start paying to establish your willingness to sort the problem out.