Statutory Demand On Personal Gurantee

[pt2537]

pt2537

For set aside of a statutory demand it is normally enough to show that there is a valid dispute over the claim / amount owed meaning it should go through the court system instead. However the indemnity could ramp up costs. Hopefully Paul will get chance to have a look by Monday.

There doesnt seem seem to be a huge point in bankrupting you considering your financial circumstances - are the bank aware ?

Yes, you need to show there is a real bona fide dispute over the debt, ie you cant just say prove it as thats not enough.

On the face of it this one will be tricky, although its right to say that without being able to take proper instructions you can only go on whats posted here on the forum.