This is a formal demand for payment of a debt whereby once served, the debtor has 21 days to pay the debt or dispute the debt.
A Statutory Demand against a Company has to be served by hand, by a process server.
A Statutory Demand is a useful tool to recover debts because if not responded to or paid, the creditor can present a Winding up Petition against the insolvent debtor.
Do you need to issue a Statutory Demand?
We can assist you with the preparation and service of a Statutory Demand against one of your debtors or we can help you respond to one which you may have received therefore call us at our Midlands based office in Rugby, Warwickshire on 01788 544 544 for more details.
Alternatively, you may now require assistance with the next stage of recovery of a debt which is a winding up petition. If so, see our winding up petitions page.
Or why not try contacting us by filling our our enquiry sheet. Simply click the button below:-