Unleash The Power of A Statutory Demand- Debt Recovery That Works
We get it, no one likes waiting for unpaid invoices.
Specifically, if a company owes you a debt of £750 or more that is both undisputed and less than six years old (For individuals, the threshold is £5,000). Then you may consider serving a statutory demand.
Subsequently, if your debtor fails to agree to payment terms within 18 days of receiving your statutory demand for payment, you hold the cards. You're empowered to seek guidance on initiating bankruptcy or company liquidation proceedings.
Gain control over your finances and serve a statutory demand. Call us now on 020 7504 1300 for a consultation with our team, or email us at info@ilrecoveries.co.uk
Serve a statutory demand with professional support...
In the event that your debtor does not respond to your statutory demand form, it is important to take prompt action.
We have recovery options available that are sure to suit your specific needs. So why wait? Call us now for a free consultation with a member of our recoveries team to discuss:
- Your options
- How to get your money back
Before launching insolvency proceedings against a debtor, you must first serve either a:
- Formal demand
- Statutory demand
Moreover, you will strengthen your case by serving a statutory demand before presenting a petition to:
- Wind up a company
- Make a person bankrupt
Finally, statutory demands are not obligatory in winding up a company. Alternatively, you may issue a formal demand that:
- Confirms the amount owed
- Explains why the debt is owed
- Threatens winding-up proceedings unless payment is made within 18 days
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(Debtor must be a limited company registered in England)