Statutory Demand

Kim25

Hello! I've just been issued with a statutory demand! I contacted the CAB like it said on the form but they where little help, they just made me run through my incomings and outgoings when all I really want is some advice on how to set it aside. Has anyone had a similar experience or can give any advice?

keithrgj

who issued it and was it hand delivered or through the post

lowell or 1st credit come to mind

spacey2012

What for, buy who, and how was it served on you.
How much do you owe in total to everyone and do you own property or assets.

fermi

Do you have grounds to have it set aside?

See ---> Dealing with a statutory demand

shocky_2

Try searching for "Consumer Action Group". They have a very active bankruptcy forum with hundreds of stories of people who have set aside statutory demands, and quite a few very active posters who will help you.

It goes without saying that you need to apply to get this set aside ASAP.

spacey2012

youngsolicitor wrote: »

It goes without saying that you need to apply to get this set aside ASAP.

It depends on the value and what else is owed, sometimes they can be a blessing and easy way to bankruptcy and a clean start.

If its just a summary debt then it needs to be re-buffed.
Need more answers before we jump in.

Kim25

Thank you so much for your replies. I received the demand by hand on the 3rd Jan, it's for £5000 and its the balance of a loan from the bank for £25000. I want it set aside because I requested a copy of my credit agreement, which they didn't have so surely it's unenforceable. Is it correct as well that if I was self employed when I took the loan out they shouldn't have sold me PPI?

I think that's correct, I'm surprised at what a little google search can tell you!