This is one of the more common documents we get instructed to serve personally on an individual. There is a separate process for serving Statutory Demands on companies.
A Statutory Demand is a document that requests that the person being served (‘the Debtor’) pays a debt, or comes to an arrangement about repayment, then the person serving the Demand (‘the Creditor’) can start proceedings to make the Debtor bankrupt.
The Debtor usually has 21 days to contact the Creditor and make payment or come to an arrangement with the Creditor. If the Debtor does not pay the debt, or make an arrangement with the Creditor, then the Creditor can start bankruptcy proceedings by filing a bankruptcy petition with the Court.
The Creditor will not be successful with a bankruptcy application if there is no evidence that the Statutory Demand has been correctly served upon the Debtor.
What form do you need to use?
The form you need depends on the circumstances of the debt. You can click on the Form links to access the correct forms.
Form Type | When would I need this? | Form |
---|---|---|
Liquidated Sum payable immediately | When the full amount of the debt is overdue and undisputed. | SD2 |
Liquidated Sum payable immediately following a Court Order or Judgment | When you have a county court judgment for the debt you are chasing. | SD4 |
Debt payable at a future date | If you think the Debtor will not be able to pay the debt when they need to. | SD3 |
What is the minimum amount I can demand?
The Debtor needs to owe you more than £5000 in order to raise a Statutory Demand.
We are Lincs Process Servers
We serve legal documents all over Lincolnshire, Cambridgeshire and Nottinghamshire for a fixed fee. We assist our creditor partners and their professional advisors with their debt collection by providing field services aimed at driving recoveries, delivering intelligence and maintaining the customer-supplier relationship.
If you, or one of your clients, would benefit from this approach, get in touch.