Docklands Solicitor
Latest legal news from Docklands Solicitors, Kaslers Solicitors LLP.
Thursday, 29 January 2009
Statutory Demand Debt
There are several ways you can go about collecting a debt
If the debt exceeds 750 pounds and there is absolutely no hint of a reason why it might be contested, you can serve a statutory demand
Failure to comply with the demand (or to contest it) within 3 weeks means that the debtor is deemed unable to pay the debt for insolvency purposes
You can then petition for bankruptcy (if the debtor is an individual) or winding up (if the debtor is an company)
If the debt exceeds 750 pounds and there is absolutely no hint of a reason why it might be contested, you can serve a statutory demand
Failure to comply with the demand (or to contest it) within 3 weeks means that the debtor is deemed unable to pay the debt for insolvency purposes
You can then petition for bankruptcy (if the debtor is an individual) or winding up (if the debtor is an company)
Labels: debt collecting winding up banktuptcy
# posted by michael @ 09:00 
Subscribe to Posts [Atom]
Archives
- October 2008
- November 2008
- December 2008
- January 2009
- February 2009
- March 2009
- April 2009
- May 2009
- June 2009
- July 2009
- August 2009
- September 2009
- October 2009
- November 2009
- December 2009
- January 2010
- March 2010
- April 2010
- May 2010
- June 2010
- July 2010
- August 2010
- September 2010
- October 2010
- December 2010
- January 2011
- February 2011
- March 2011
- April 2011
- May 2011
- June 2011
- July 2011
- August 2011
- September 2011
- November 2011
- December 2011
