I’ve just received a Statutory Demand from a Creditor, what do I do?November 30th, 2015
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:
- Pay the debt;
- Have the statutory demand set aside;
- Go into a payment plan to pay the debt
- 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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