Process Serving - Statutory Demand
If you need to organise the service of a Statutory Demand anywhere in England or Wales then we can assist you with service of this for a fixed fee of £87.50 plus VAT. When the individual or company that owes you money (the 'debtor') receives (is served) a statutory demand, they have 21 days to either: pay the debt to you reach an agreement to pay with you If they fail to pay or reach an agreement with you then you could apply to bankrupt the debtor or wind-up and close the company. The Statutory Demand when used correctly, on undisputed debts above £750.00 for companies and £5000 for individuals and less than 6 years old, is an excellent form of Debt Recovery. Once served the Statutory Demand gives the debtor a limited amount of time to deal with the debt or potentially face bankruptcy or closure of their business. There is no need for Court action and the Demand can be served very quickly. No need for Court Action Use on debts £750.00 (Companies) or £5000 (Individuals) Debtor has limited amount of time to deal with payment. Served Quickly and Without Need for Court Action