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Corporate Recovery & Insolvency

Statutory Demands

A statutory demand is a written demand for payment of a debt, in a prescribed form, served on either an individual or a company.

A statutory demand does not need to be issued at Court.

The process has the following potential advantages:

  • It does not involve the Court from the outset.
  • Preparing and serving a statutory demand is quick and (relatively) inexpensive.
  • It can either result in prompt payment of a debt, or flush out details of any dispute or cross-claim.

If you are owed at least £750 by one of your corporate creditors or £5,000 per one of your personal creditors, or you have been served with a statutory demand please contact one of our experts for a free, no obligation meeting to discuss your circumstances and the options available to you.

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Get in touch to see how we can advise you today
insolvency@chadlaw.co.uk
0800 015 0340

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