Did you know you can make a statutory demand for payment of a debt from an individual or company.
Anyone who’s owed money (the ‘creditor’) can make a statutory demand and you don’t need a lawyer.
The debt must be less than 6 years old for a statutory demand to be made.
When the individual or company that owes you money (the ‘debtor’) receives a statutory demand, they have 21 days to either:
- pay the debt
- reach an agreement to pay
If a response has not been received within 21 days you can apply to bankrupt your debtor or close (‘wind up’) their company
Click here for Statutory Demand forms.
Depending on your circumstances smaller debts can sometimes be paid faster through mediation and court orders.
Find out how to serve and challenge a statutory demand.
Contact the Insolvency Service