Statutory demands: an overview | Practical Law

Statutory demands: an overview | Practical Law

A guide to statutory demands in the context of both personal and corporate insolvency. This includes guidance on when a statutory demand may be used against an individual or a company, how to draft and serve a statutory demand, the potential consequences of serving a statutory demand and the requirements for presenting a bankruptcy or a winding-up petition.

Statutory demands: an overview

Practical Law UK Practice Note Overview 8-527-2789 (Approx. 51 pages)

Statutory demands: an overview

MaintainedEngland, Wales
A guide to statutory demands in the context of both personal and corporate insolvency. This includes guidance on when a statutory demand may be used against an individual or a company, how to draft and serve a statutory demand, the potential consequences of serving a statutory demand and the requirements for presenting a bankruptcy or a winding-up petition.
Note: The remaining temporary measures that were introduced in response to the COVID-19 pandemic expired without renewal on 31 March 2022. See Legal update, Remaining temporary insolvency measures will expire on 31 March 2022.
Other restrictions on winding-up and bankruptcy petitions concerning COVID-related arrears of commercial rent continue to apply under the Commercial Rent (Coronavirus) Act 2022. See Practice note, COVID-19: Commercial Rent (Coronavirus) Act 2022: rent arbitration and the implications for enforcement.