Statutory Demands
Advice on issuing or responding to statutory demands and assessing insolvency risks from solicitors in Billericay, Essex.
About Statutory Demands
A statutory demand is a formal demand that can have insolvency consequences if the relevant conditions are met. It should not be treated as an ordinary reminder or used to bypass a genuine dispute about the debt. Different procedures apply to individuals and companies, and response deadlines can be short.
Key Points
- Identify whether the debtor is an individual or company.
- Check the amount, basis and any dispute over the debt.
- Take prompt advice on a demand you have received.
How We Can Help
We review the debt and whether a statutory demand is appropriate. We can advise on preparation, service or a response, explaining the risks and the procedure relevant to the debtor rather than assuming one process fits every case.
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Contact our debt recovery team for specialist advice on your statutory demands matter.