Statutory Demands

Statutory Demands

A Statutory Demand is a formal demand of a debtor to pay a debt. Issuing a Statutory Demand can be an effective way to secure payment.

If a debt is not paid by the demand deadline then the Creditor can apply to make the debtor bankrupt or wind up a company.

A Statutory Demand must be in the correct form and it must only be used for undisputed debt.

If a Statutory Demand is issued for a disputed debt then the Courts view this as an abuse of process. An incorrectly issued Statutory Demand can land the creditor in trouble and with a large costs bill.

If you receive a Statutory Demand for a disputed debt you must act quickly to challenge it. If you don’t, the Creditor may petition for your bankruptcy or winding up. If a petition is made this can adversely affect your credit rating and can lead to banks and suppliers withdrawing credit facilities.

Blog Posts

Ignorance over asbestos threat putting workers’ lives at risk

09/05/2018

Uncertainty and ignorance surrounding the dangers of exposure to asbestos could be putting the…

Read More
Upcoming Events

Gotelee Legal Walk

07/06/2018

Gotelee Solicitors are walking the Ipswich Legal Walk on behalf of the Eastern Legal…

Read More
News Posts

General Data Protection Regulation overload or anticlimax?

19/06/2018

The long-awaited, often-discussed and much-feared introduction of the General Data Protection Regulation was something…

Read More

Testimonials

"Approachable, very efficient, always willing to take my calls and update me."

- SH

"We were very pleased to have Jade as our solicitor, the service was excellent and we felt kept in the loop which minimised stress"

- CT

"I have used Tracey Laflin at Gotelee on a number of occasions and in my opinion, she is simply the most efficient conveyancing solicitor I have ever worked with. From the outset, she took the time to understand my specific business requirements and to date, she has exceeded all of my expectations."

- Dale Fiddy - Portobello Developments Ltd

"I don't think this house sale would have pulled together without Jo's determination and expertise. Excellent!"

- MT

"Jade Shelton was absolutely fantastic!! Professional and proactive at all times."

- JH

"This is by far the go-to firm for any issues. You are made to feel valued from the outset and they are so confident in what they do. Wouldn't recommend any other. Thank you Hugh and Max."

- Ros Jones

"Domini was very fast and efficient in carrying out her work for me - she was also very good at explaining things to me"

-

"Prompt, helpful, polite and very professional service"

-

"The ease that we could access and speak to Pat Smith - Thank you"

-

"We found Rachel Dawson outstanding, polite, professional and caring."

-

Please select preferred method of contact

* We will only contact you by telephone if you select this as primary form of contact.