As debt recovery experts, Lindsays can effectively pursue the correct avenue to recover your debts depending on each specific case we are dealing with.
When pursuing a debt against an individual, the use of a statutory demand is a very effective step.
Statutory demands are a pre-requisite before the issuing of a bankruptcy proceeding can take place, with the exception of winding up proceedings being issued against a limited company.
Statutory demands are a pre-requisite before the issuing of a bankruptcy proceeding can take place. The demand is personally served on the debtor by a process server, usually at their home address. Once served, the debtor has 18 days to apply to the court, or 21 days to pay, failing which they are “deemed insolvent”
We understand the complexities and nuances apparent when trying to recover debts and with our experience can successfully retrieve your money. An issue of statutory demands should only be used when a debt is not disputed in any way or if a County Court Judgement has already been obtained.
Our expert debt recovery agents can help you recover your debts in the fastest possible time and are available to answer any of your questions.