Statutory Demands used to be able to be issued if the debt was £750 or more and they can be issued without lodging it with the Court.
For many years Stat demands were personally served on a debtor as a scare tactic, even when the creditor had no intention of taking the debtor to Court because the Court fee was often more than the debt.
Realising this, the Courts changed the rules so now before issuing a Stat Demand the debt has to be £5000 or more.
For many years Stat demands were personally served on a debtor as a scare tactic, even when the creditor had no intention of taking the debtor to Court because the Court fee was often more than the debt.
Realising this, the Courts changed the rules so now before issuing a Stat Demand the debt has to be £5000 or more.
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