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A Statutory Demand is a formal letter requesting payment of an outstanding debt within 21 days in accordance with Section 123 of the Insolvency Act 1986.

When used correctly, Formal and Statutory Demands are very serious debt-collection instruments. I&L helps creditors recover overdue debts, and can make direct representation on behalf of debtors to seek the immediate withdrawal of a Statutory Demand. Call 020 7504 1300 now for free and confidential advice.

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Letter Before Action Template

Having trouble collecting payment for an overdue invoice?

Considering issuing a Winding Up Petition?

Insolvency & Law's template Demand Letter could resolve these issues.

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Issuing Winding Up Petitions. Issuing Statutory Demands & more