HomeFWJ TakeawayResourcesStatutory 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.

Failure to comply – companies

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 comply – individuals

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.

Obligations for creditors – complete the demand properly

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.


Whatever your statutory demand needs, our team at Francis Wilks & Jones is here to help.

Key contacts

Shona Houghton

Shona Houghton

Debt Recovery Manager

Rachel Watkins

Rachel Watkins

Associate

Oliwia Gora

Oliwia Gora

Debt recovery assistant

View full team

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