Statutory Demands - Do they have the desired effect?
Posted on 15th February 2019 at 14:15
There can’t be too many of us who haven’t had to chase for the £100.00 we lent a ‘friend’ for a night out. Obviously, the friendship soon ends and you realise (probably) that, to quote Polonius, it’s probably easier to avoid the wrath of your significant other, to follow the adage of ‘neither a borrower or lender be’. You live and learn.
I mean, you’d never serve a friend with a Statutory Demand.. would you?
Well, actually, no. At least not for a hundred quid. But what if they owed you in excess of £5,000.00- this being the threshold for which you can start serving your Statutory Demand against an individual.
Tell us what a Statutory Demand is, then.