What do I do if I have been served with a statutory demand?

In brief

A statutory demand is a type of warning letter sent by a creditor owed at least  £750 requiring the debt to be settled within 21 days.

More detail

If you receive a statutory demand you have 21 days to respond.  To respond, you must do one of the following:

An unsatisfied statutory demand is evidence that the company cannot pay its debts as they fall due and is insolvent.

What next?

If you receive a statutory demand you should seek immediate advice – the earlier you act the more options are likely to be available to youContact our experts today on 0800 254 5494