Welcome to Francis Wilks & Jones - the country's No 1 firm of statutory demand experts. Whether you are looking to collect a debt or defending a statutory demand - we have the team of experts to help. Call today.
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.
I have found FWJ to be perceptive, to the point and realistic. They have been able to assimilate and forcefully defend a very aggressive claim with very limited historic information.An FWJ client we defended
Francis Wilks & Jones were responsive, available at all times to deal with any of my queries and very reassuring.An FWJ client