Statutory Demand

wot_a_life

Hi,

Just wondering if a statutory demand can be included in a DMP?

The demand was served in August 2007 for nearly 8k and is being paid back at £50.00 a month, which will take YEARS!! Struggling with the £50.00 a month and thinking of looking into a DMP for other debts, can this one be included too?

davefcuk

Think this might help

What is a statutory Demand?

A Statutory Demand is the first step to bankruptcy against an individual and this is prepared and served without any court involvement. A statutory demand can be served as soon as the debt is due and a judgment is not necessary. If the debtor disputes the claim, he or she can apply for the statutory demand to be set aside. The bankruptcy court will halt the bankruptcy if there is any dispute about the sum outstanding. It can be relatively easy for a debtor to have a statutory demand set aside and the process can result in an order for costs being made against the creditor.

Please note that a statutory demand in 90% of instances is 'bluffing technique' used to scare a person into paying up. If a bankruptcy petition does not follow then this will become apparent.

As you say that this has been agreed to be paid over many years it doesn't appear to be a statuatory demand.

Check the paperwork

Hope this helps