Statutory Demand Template
A statutory demand is a serious formal demand for an undisputed debt above the statutory threshold. If unpaid, it can be a precursor to bankruptcy (for individuals) or winding-up (for companies).
What this statutory demand covers
- The debt and its basis
- The amount owed
- The consequences of non-payment
- How to comply or dispute
- Statutory time limits
When you need a statutory demand
- Recovering a substantial undisputed debt
- Applying pressure before insolvency proceedings
- The debt is clear and not genuinely disputed
The legal framework
Understanding the law behind a statutory demand helps you use it well. Here is the key UK legislation that applies:
Frequently asked questions
When can I use a statutory demand?
For clear, undisputed debts above the statutory threshold. It shouldn't be used where the debt is genuinely disputed.
What happens if it's ignored?
Failure to pay or set aside a statutory demand can support a bankruptcy or winding-up petition.
How Legal Lift helps
Answer a few plain-English questions and our AI generator produces a tailored statutory demand, ready to edit, download as PDF or Word, and e-sign with LegalSign. Every template is kept current with UK law, and our SRA-regulated solicitor partners are available if you'd like it reviewed.