A statutory demand is a threat of insolvency proceedings either against a limited company or an individual.
Statutory demands are normally used on higher value debts, and should only be used when the debt is clearly not disputed or a County Court Judgment (a CCJ) has already been obtained. The debtor has 21 days from the date of service to respond, failing which bankruptcy or winding-up proceedings can be applied for.
We will agree a fixed fee for preparing and serving the statutory demand, and will be able to do so as a matter of urgency.
If you or your company have been served with a statutory demand and wish to apply to set it aside we can advise and assist you.
Our Dispute Resolution Team