Pre-insolvency advice STATUTORY DEMANDS – DO NOT IGNORE THEM

At Bell & Company, we are here to help you manage that gap, so if you have overstretched your capacity and have been served with a Statutory Demand, call us now for impartial advice to discuss the best options available to you.

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STATUTORY DEMANDS – DO NOT IGNORE THEM

ACT NOW

To avoid bankruptcy, when served with a Statutory Demand – you must act straight away. Never ignore a Statutory Demand. 

Statutory Demand is a precursor to either the liquidation of a company or the bankruptcy of an individual. If you don’t repay the debt in full or come to some other arrangement within 21 days of the Demand being served on you, your creditor can apply to Wind Up the company or start the process to make you bankrupt.

If the amount is disputed and this can take many forms, then you with the help of Bell & Company can apply for the Statutory Demand to be set aside.

YOUR OPTIONS IF YOU RECEIVE A STATUTORY DEMAND

  1. Do Nothing.

If you do nothing, your creditor may go on to make you bankrupt. If you do not want to go bankrupt, then doing nothing – is a bad idea.

It is not guaranteed that your creditor will commence proceedings to make you bankrupt, and there are additional costs after the statutory demand is issued. This is a significant risk and would leave you exposed.

Further, if you own your home or you have significant asset you must take action and call us now.

  1. Application to Set Aside Statutory Demand – Negotiate Debt

In many of our cases, we look to have the Statutory Demand set aside. This, and Controlling the narrative allows Bell & Company and the client to work through your options.

Bell & Company devise strategies which will bring a resolution to your case using the time allowed by the various deadlines of the Statutory Demand.

 
 
 
 

TWO MUST DO ACTIONS:

    1. Act fast to avoid missing the strict deadlines that apply on a Statutory Demand, from the all-important Service date, and
    2. Consult a third party with experience in dealing with Statutory Demands and everything that surrounds them, like Bell & Company.

Our expert Debt Strategists have assisted hundreds of UK businesses with Statutory Demands and their responses. Bell & Company will develop your overall debt strategy and most importantly, implement it, whilst working under the tight deadlines of a Served Statutory Demand.

You will need exact advice here, so contact us now to learn more about the ramifications of Statutory Demands and the options you and your business have.

 

If you want to learn more about Statutory Demands please register for our free webinar:

On Friday 16th October 2020 at 2pm our chairman Terry Bell will be walking you through everything you need to know about Statutory Demands.

Learn more at: www.eventbrite.co.uk/e/statutory-demands-explained-why-are-we-speaking-about-them-now-registration-124241472589

Tick iconYou can trust Bell & Company

1. We will see every case through until the end,
2. We are experienced in negotiating with creditors,
3. We have helped hundreds of clients,
4. We are transparent from the start with our costs, all initial consultations are free.

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From the outset, we establish clear bottom lines with our clients, so we understand what their priorities are and what must be protected. We then create a strategy to navigate the way out of corporate and personal debt with impartial advice and rigorous action.

Specialist, Impartial Advice

There are some very sharp minds at Bell & Company, so we’re extremely adept at finding unconventional strategies and solutions to resolve our clients’ debt dilemmas. This means that when you’re with us, you can be assured that we’re working for your best possible outcome.

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