Guide

Statutory demands

Introduction

A statutory demand is a written request for payment of a debt. If the demand is not met, the creditor may follow up with a petition for a bankruptcy order for personal debts, including debts incurred as a sole trader or when trading in partnership with someone else.

This guide explains what statutory demands are, how to serve a statutory demand, what to do if one is served on you, which forms to use and what part statutory demands play in insolvency proceedings.

It also details the procedures and forms that are required according to who owes money - eg an individual or sole trader, or a registered or unregistered limited company.