Statutory Demand Notice
A Statutory Demand Notice is another description for a statutory demand or stat demand. It is a type of form completed by a creditor and served against the debtor in respect of repayment of an undisputed debt.
A statutory demand notice is a very important document. Failure to respond to the statutory demand notice by a company can lead to it having a Winding Up Petition issued against it. Failure to respond to a statutory demand notice by an individual can lead to Bankruptcy proceedings if the debt is over £5,000.00. It is always very important not to ignore a Statutory Demand Notice.
Having said that, it is also very important to properly deal with a statutory demand if you are a creditor. Failure to complete the statutory demand notice properly or indeed, properly serve the statutory demand notice can lead to it being ineffective and struck out by the Court. This can lead to big costs consequences for the creditor.
Call the statutory demand notice experts now
Whatever your Statutory Demand Notice requirements, Francis Wilks and Jones are the leading Statutory Demand Notice experts in England. Contact one of our Statutory Demand Notice Lawyers now and we can assist you with all aspects of Statutory Demand notices.
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