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Statutory demand form 2026

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The document is a statutory demand form under the Insolvency Act 1986, outlining the process for creditors to claim debts from companies. It includes instructions for creditors on how to detail the debt, including interest and charges, and emphasizes the importance of responding within 21 days to avoid potential winding-up proceedings against the company. The form requires specific information about the debt and provides guidance on how companies can comply or dispute the demand.

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Click ‘Get Form’ to open the statutory demand form in the editor.
Begin by filling in the creditor's details in the 'To' section, including their name and address. This is crucial for identifying who is making the demand.
In the 'Demand' section, specify the total amount owed by the company. Ensure that this figure is accurate and reflects any interest or charges as outlined in the notes.
Complete page 2 with particulars of the debt, detailing when it was incurred, its consideration, and any relevant information regarding interest or additional charges.
On page 3, fill out Part A with contact details for communication regarding this demand. If applicable, complete Part B with information about any assignment of debt.
Finally, ensure that you sign and date the document at the bottom of page 1. If signed by an agent, include their firm’s name.

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How long do you have to comply with a statutory demand?

The statutory period is presently 21 days, meaning that a company served with a statutory demand must comply with the demand within 21 days after the demand is served on the company.

What is the minimum debt for a statutory demand?

A creditor can only serve a statutory demand on a debtor where the debt is undisputed and equals or exceeds 5000.00. In serving a statutory demand the creditor must take all steps to make sure that the statutory demand comes to the attention of the individual.

What happens if a statutory demand is set aside?

If you win your case, youll get an order from the court setting aside the statutory demand. The deadline for paying the debt will be suspended. If you lose, youll have to pay back your debt within the 21 day time limit. The creditor can apply to bankrupt you if you do not pay in time and your debt is 5,000 or more.

Does a statutory demand have to be served in person?

The statutory demand must be in a prescribed form and must be served on the individual debtor in person or by delivery to the registered office for the debtor company. It can often also be sent by registered post or by leaving it at the debtors last known address.

What happens if you dont comply with a statutory demand?

It is the beginning of the potential winding up application of your company. If a Statutory Demand is ignored, it could result in your company being placed into liquidation or you having to pay a disputed debt to avoid liquidation.

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What is the defense to a statutory demand?

To set aside the statutory demand you must do the following within 18 days of it being served on you. Apply using form IAA. Complete a witness statement in support of your application. Provide three copies of each form to the court when you apply. Apply to the court named on the statutory demand.

What are the rules for statutory demand?

You can make a statutory demand to ask for payment of a debt from an individual or company. Anyone whos owed money (the creditor) can make a statutory demand. You do not need a lawyer. If the debts over 6 years old, you cannot usually make a statutory demand.

What is a statutory demand?

A statutory demand is a formal demand for payment of a debt made by a creditor of a company. A statutory demand is also the first step which needs to be taken by a creditor who intends to wind up a company due to non-payment of a debt.

Statutory demand form 2026

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How long do you have to comply with a statutory demand?

What is the minimum debt for a statutory demand?

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Does a statutory demand have to be served in person?

What happens if you dont comply with a statutory demand?

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