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A statutory demand (also known as a 'stat d' or 'stat demand') is a formal request for payment of an overdue debt within 18 days.
Failure to respond to a statutory demand could result in bankruptcy for an individual or compulsory liquidation for an insolvent company.
Yes. Statutory demands may only be served for debts that are less than six-years old.
Anyone can make a statutory demand against a company or an individual.
A formal demand is a written request for payment that:
- Confirms the amount owed and the circumstances of the debt
- Threatens the presentation of a winding-up petition if payment isn't made within 21 days (three weeks)
You do not have to serve a statutory demand before presenting a winding-up petition.
However, serving a statutory demand will strengthen your case and make it easier to commence formal insolvency proceedings against your debtor.
Yes. Issueastatutorydemand.co.uk is a national company with an international client base. For more information, visit our Contact Us page.
We’re open for business between 9am and 5pm Monday to Friday (except public holidays).
We believe the insolvency legislation governing England and Wales leaves unsecured creditors vulnerable in several key areas, especially commercial debt recovery and statutory insolvency procedures.
Issueastatutorydemand.co.uk is a debt recovery service for unsecured creditors who need assistance with statutory demands, bankruptcy and company winding-up proceedings.
Issueastatutorydemand.co.uk provides advice on statutory demands and helps unsecured creditors gain leverage in matters such as:
- Commercial debt recovery
- Making a person bankrupt
- County court claims and CCJs
- Company winding-up petitions
- Corporate insolvency procedures