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  • Witness Statement In Support Of Application To Set Aside Statutory Demand

Get Witness Statement In Support Of Application To Set Aside Statutory Demand

Rule 6.4Form 6.5Witness Statement in Support of Application to Set Aside Statutory Demand(TITLE) (a) Insert name address and description of person making the witness statement I (a)state as follows: (b).

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You can apply to the court to have a statutory demand set aside, as long as you do it within 18 days of the demand being served. The court might also consider an application outside this time limit, as long as the creditor hasn't already asked for a bankruptcy petition to be issued.

Your creditors can apply to the court to close down your company. They do this by making an application called a 'winding-up petition'. You can apply to stop your creditors from making a winding-up petition if you were given a statutory demand.

A statutory demand usually comes before a winding up petition. This is a formal request for payment issued from an outstanding creditor. While any creditor can serve you with a statutory demand, they are frequently utilised by HMRC chasing unpaid tax debts.

WHAT IS A PRE-WINDING UP LETTER? A pre-winding up letter is a written demand for payment of a debt within a certain period of time. We demand payment within 3 days. The letter makes an explicit threat of a winding up petition being issued if payment is not made within the deadline stipulated.

What is a statutory demand? 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.

How to stop a winding up petition becoming a winding up order Communicate with your creditors. ... Do not ignore their requests for payment. ... Pay the creditor(s) in full. ... Dispute the debt. ... Enter administration. ... Negotiate a Company Voluntary Arrangement (CVA) ... Request an adjournment.

If you do not agree with a statutory demand you've been given, you can apply to challenge it and get it 'set aside'. 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.

What is a statutory demand? 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.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232