The statutory demand process is when a written notice is given asking a company or business that owes money to pay that debt. In some cases, if a statutory demand (S 289 of the Companies Act 1993) can’t be met and the company is insolvent, an application to liquidate is initiated.
If you have received several Statutory Demands and you are unable to pay, you may have no option than to go through the process of liquidation. Debt Solvers has liquidators available to discuss your situation and any Statutory Demands that have been made against you, and offers a quick, stress-free, and cheap liquidation service.