Statutory Demand Order

“you only have 21 days before further action”

A 21 day statutory demand order is a formal demand for payment of a debt. If the debt is not settled with the supplier or HMRC within 21 days they can ask the court for a winding up order against your business or a bankruptcy order if it is your own name as an individual.

Issuing a statutory demand order is often a good way for suppliers to put pressure on the payment of a debt. If you dispute the debt then you have just 18 days to seek to set aside the demand.

You must respond and take immediate action.

A statutory demand order can only be made for debts of £750 or above.

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