24hr Helpline - ☎️ 0800 088 2142
Get help with a statutory demand
It’s easy to check if you are eligible, we can help if:
- Stop Creditor Pressure
- Set Aside Court Application
- Unable To Repay Debts e.g HMRC and More
- Close Your Company & Become Debt Free
- We Are Fully Licensed and Regulated
- Statutory Demand Dispute Experts
Get Results Online In *30 Seconds
100% Free & Confidential Advice
Statutory Demand FAQs
What Is the Purpose of a Stat Demand?
The main purpose is to prompt the debtor to pay the owed amount. If the debtor doesn’t comply within a specified time frame, it can lead to insolvency or bankruptcy proceedings.
What Are the Consequences of Ignoring a Stat Demand?
Ignoring a stat demand can lead to insolvency or bankruptcy proceedings against you. This can have significant financial and legal repercussions.
Where Can I Get Legal Advice Regarding Stat Demands?
It’s advisable to consult with a qualified professionals like Business Helpline if you have questions or concerns about stat demands. They can provide guidance based on your specific situation.
What Happens If I Receive a Stat Demand?
If you receive a stat demand, it’s crucial to act promptly. You may need to pay the debt or seek legal advice. Ignoring it can have serious legal consequences.
Can I Challenge a Stat Demand?
Yes, in some cases, you can challenge a stat demand if you believe it has been issued incorrectly or unfairly. You should consult with a legal professional for guidance on how to do this.
How much debt does your business have?
“Excellent service dealt with everything in quick time and had to do nothing on my end! Thank you very much, would advise anyone who needs their help to do so!”
Barbara JamesCompany Director
“Brilliant and helpful, very responsive and a great help thank you”
JohnDirector
“Thank you for helping me in a time of need, i am ever so grateful for helping me get redundancy (£12,364) when my comany closed”
Jessica SmithCompany Director
More Common FAQs
What is a statutory demand
In some legal systems, a statutory demand is a formal demand for payment under specific statutory provisions. It’s often used in the context of debt recovery, insolvency, or bankruptcy proceedings. When a creditor believes that a debtor owes them money, they can issue a statutory demand to request payment. If the debtor doesn’t comply within a specified period, it may lead to legal action
What is a statutory demand letter?
A demand letter is a formal written document sent by one party to another, typically in a legal or financial dispute, requesting specific actions or remedies. It usually outlines grievances and provides a deadline for a response or resolution. A “stat demand” could be a misspelling or abbreviation of “demand letter.”
Who Can Issue a Stat Demand?
Typically, a creditor who is owed money can issue a stat demand. This can include individuals, businesses, or government agencies.
What Is the Purpose of a Stat Demand?
The main purpose is to prompt the debtor to pay the owed amount. If the debtor doesn’t comply within a specified time frame, it can lead to insolvency or bankruptcy proceedings.
What Information Should Be Included in a Stat Demand?
A stat demand should include details of the debt, the amount owed, the creditor’s details, and a clear demand for payment. It should also specify a deadline for compliance.