I’ve just received a Statutory Demand from a Creditor, what do I do?

  • November 29th, 2015
  • David Hill

I’ve just received a Statutory Demand from a Creditor, what do I do?

Well, the legal debt recovery process has started so you need to do something within 21 days of being served with the Statutory Demand!

Your main options are:

  1. Pay the debt;
  2. Have the statutory demand set aside;
  3. Go into a payment plan to pay the debt
  4. Don’t pay the debt

BUT – if you don’t pay the debt….you still need to do something…….as if you do nothing, this could lead to a Wind Up notice on the company which may lead to more serious issues.

If you’re not sure what to do, call us or get some legal advice quickly.

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