Statutory Demands

Statutory Demands

Our panel of carefully selected Debt Recovery Specialists and Solicitors are always here to support and assist when needed.

What is a Statutory Demand?

A Statutory Demand is a formal written warning from a creditor to a debtor that they must pay a debt within a specified time frame. This can be used for individual and business debts.

The demand should include information about the debtor and creditor, as well as the debt being claimed. If the debtor doesn't pay the debt in full or make an acceptable arrangement within the time frame. Then the creditor can apply to the court for a bankruptcy order or winding-up order. The time frame for responding to a statutory demand is usually 18–21 days, depending on the debtor's actions:

Examples for serving a stautory demand are listed below:

Company Debtors

The sum demanded is more than £750.

Individual Debtors

The sum demanded is at least £5,000 in total.

Find out how our panel of Debt Recovery Specialists and Solicitors can assist you.

You might also be interested in ...

Find out more by clicking on one of the above

Email

Our Location

Get In Touch

By submitting this form, you confirm you have read and accept our terms & conditions and consent to the processing of your data in accordance with our privacy policy, If you do not understand any items, please contact us by email or phone.

Thank you , we appreciate you taking your time for us to be able to help you further.

Within the next 24 working hours, we or our Network of Specialist Providers will look to contact you.

By completing the questionnaire, you have agreed for us to pass your details to our Network of Specialist Providers.

We will aim to respond to your completed form and contact you within one business day via phone so, we can assist you further.

Please save our phone number 0330 1133000
We very much look forward to speaking with you.