Kent Solicitors

There are several ways you can go about collecting a debt

If the debt exceeds £750 and there is absolutely no hint of a reason why it might be contested, you can serve a statutory demand

Failure to comply with the demand (or to contest it) within 3 weeks means that the debtor is deemed unable to pay the debt for insolvency purposes

You can then petition for bankruptcy (if the debtor is an individual) or winding up (if the debtor is an company)

Labels: Statutory Demand Debt