Received a Statutory Demand? You need to act quickly!
Increasing court costs and the desire to force a quick payment mean creditors are increasingly using Statutory Demands to recover debt even when they know in many cases there is a good reason for non- payment.
A creditor can issue a statutory demand against you or your company if the alleged debt is over £750. It is not a complicated procedure and the court are not involved and no fee is payable to issue the demand.
Don’t risk bankruptcy– you only have 18 days from the time you receive the statutory demand to challenge the claim for payment. If you ignore the statutory demand it is assumed to be an admission by you that the debt is valid and owing, and bankruptcy can follow.
If you dispute the demand we can apply to a County Court to have it set aside and in many cases where we are satisfied that you have a good case we will represent you on a no win – no fee basis. We will need to prove that the debt is in dispute and that you have a real prospect of succeeding in defending the claim.
If you don’t have a good reason to dispute the debt you will need to pay the debt or come an arrangement to settle the debt on agreed terms with your creditor.
Don’t delay– we will look at any documents you may have relating to the dispute free of charge and, if we think we can resolve your dispute, we are clear on our charges from the start. You won’t face any hidden extra costs, making it easier to plan how you’d like to go ahead.
If you have been served with a statutory demand and would like advice please call us on 0333 577 5677 or complete our request for a free assessment.
What our clients say
From the first telephone conversation with David he was very helpful and honest about the strength of case I had and possible outcomes. I found the whole process stress free due to his input and in the end was very pleased with the six figure outcome which was far more than I had hoped for. I would have no hesitation in recommending the services of DR Legal.
Mr P Chester