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Form 4.1 Rule 4.5 Statutory Demand under section 123(1)(a) or 222(1)(a) of the Insolvency Act 1986 Warning Notes for Creditor If the Creditor is entitled to the debt by way of assignment, details.

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How to fill out the Statutory Demand online

Completing a statutory demand online is a vital process for creditors to recover debts efficiently. This guide provides clear, step-by-step instructions to help you navigate the form accurately and effectively.

Follow the steps to complete your Statutory Demand online.

  1. Press the ‘Get Form’ button to obtain the statutory demand form and access it in your digital editor.
  2. Begin by filling in the 'To' section with the name and address of the company to whom the demand is directed.
  3. In the 'Demand' section, include the name and address of the creditor, followed by the total amount owed, ensuring this figure is accurate and clearly stated.
  4. Provide details in the 'Particulars of Debt' section, indicating when the debt was incurred, the consideration for the debt, and the amount due at the time of the demand.
  5. Complete 'Part A' by adding the names, addresses, and telephone numbers of individuals who can be contacted regarding this demand.
  6. If the creditor holds the debt through assignment, fill out 'Part B' with the name of the original creditor and the date(s) of assignment.
  7. Sign the form. If a representative is signing, they should include their position or relationship to the creditor after indicating authorization to act on their behalf.
  8. Review all filled sections for accuracy and completeness. If additional space is needed, continue on the reverse of page 3 and make a note on the front.
  9. Once all sections are filled out, save your changes, then download, print, or share the completed form as necessary.

Begin the process of completing your statutory demand online today.

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A statutory demand is a kind of written warning from a creditor. It will state that if you don't pay your debt or come to another arrangement that's acceptable to the creditor, they may start court proceedings to make you bankrupt.

When you can make a statutory demandYou can make a statutory demand to ask for payment of a debt from an individual or company. Anyone who's owed money (the 'creditor') can make a statutory demand. You do not need a lawyer. If the debt's over 6 years old, you cannot usually make a statutory demand.

However, a statutory demand itself is only effective for 4 months after the date of service. If the creditor has not taken any action to issue a bankruptcy petition within 4 months from the date of service a new statutory demand will need to be served.

A statutory demand must be served in person by either handing it to the individual concerned, or else leaving it at the registered office or with the company director or company secretary. It can only be sent by post if it is not possible for the notice to be delivered in person.

You can be made bankrupt or your company wound up if you ignore a statutory demand. You must apply to the court named on your statutory demand. Contact a solicitor or your nearest county court if you're not sure where to send your application. You cannot challenge a statutory demand if it was served on a company.

The debt cannot be contingent or prospective. A creditor must be able to put a dollar value on it. The debt or debts claimed in the statutory demand must total at least the statutory minimum (section 459E(1)), which is presently $2,000.00 (section 9). The demand must be in the prescribed form (form 509H).

How long is a statutory demand valid for? If you don't comply with a statutory demand or set it aside, the creditor has four months to petition for your bankruptcy. If a creditor wants to use a statutory demand that's more than four months old, they'll need the court's permission.

Any Creditor (company or individual) owed monies can serve a statutory demand on a Debtor.

giving it to the individual who owes you money (you should try all their known addresses) leaving it at the registered office of the company or partnership that owes money (or the main place of business if they do not have a registered office)

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