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Statutory Demand

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  • #1

    Statutory Demand

    I have a loan agreement signed by the debtor. He has renagued on the terms of the loan agreement.
    My question is this....am I able to issue a Statutory Demand based on the debtors failure to abide by the terms of the Loan Agreement, or do I have to go through the Courts to issue the Statutory Demand please?
    Thank you.
    Tags: None
  • #2
    Can anyone advise please?

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    • #3
      you have asked some questions which would be difficult to answer because we dont know enough about the debt.

      1) How much was borrrowed?
      2) What were the terms?
      3) when you say the debtor has renegged , in what way?
      4) is there any dispute over the debt?


      You dont need to issue a stat demand through the court but you do have to comply with the rules otherwise you can get bitten hard
      I work for Roach Pittis Solicitors. I give my free time available to helping other on the forum and would be happy to try and assist informally where needed. Any posts I make on LegalBeagles are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide is without liability.

      If you need to contact me please email me on Pt@roachpittis.co.uk .

      I have been involved in leading consumer credit and data protection cases including Harrison v Link Financial Limited (High Court), Grace v Blackhorse (Court of Appeal) and also Kotecha v Phoenix Recoveries (Court of Appeal) along with a number of other reported cases and often blog about all things consumer law orientated.

      You can also follow my blog on consumer credit here.

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