Statutory Demand

lizzylou

Hello all,
I'm in need of some advice please, I have received a statutory demand for a debt from a solicitor. I Wrote to them and offered a set amount per month of £750.00 untill debt cleared total being £5,800. They said their clients would not accept this and required the full amount by a certain date or they would be issuing a bankcruptcy petition with out further reference. Any advice on what to do would be greatly appreciated because this is making me bad and i cannot sleep at night. x

stapeley

h i , we need to know what its for , is it a card debt etc , please give details . Sometime a DCA will use "inhouse" solicitors as a scare tactic .

lizzylou

Its for building materials brought on account but business not doing well and unable to pay in full. x

Bismarck

Is this your only outstanding business creditor or are there more?

What I'm getting at is that you may need to see someone quickly if the business is technically insolvent.

fermi

This is not for a debt to Wolseley is it?

Have you actually received a Statutory Demand, or is it just a threat to issue one?

Should look something like:

Statutory Demand under section 268(1)(a) of the Insolvency Act 1986. Debt for Liquidated Sum Payable Immediately England & Wales

Please talk to one of:

Business Debtline - Tel: 0800 197 6026
National Debtline - Tel: 0808 808 4000

ASAP!