The 4R Business Recovery Blog

Statutory Demands are Serious

Posted by Kevin on Aug 13, 2020 11:55:04 AM

A statutory demand is a written request from a creditor for payment of a debt. If you receive one, you have 21 days to settle the debt or 18 days to ask the court to set aside (dismiss) the demand. If the debtor is a company, the debt must be for a minimum of £750.

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Topics: Winding Up

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