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Statutory Demand Form Sd1 Example

Statutory Demand Form Sd1 Example

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[Music] what is a statory demand a statutory demand is a written demand of an individual or a company for payment of a debt it's governed by the insolvency ACT 1986 and the insolvency rules 1986 the demand itself must be set out in the form prescribed by the insolvency rules 1986 and the form and content of the demand will depend upon whether the debt is due from an individual or from a company the demand must include certain information prescribed by the insolvency Act and the insolvency rules this will include full details of the amount of the debt how it arises the name and address of the deta and if interest is claimed on the debt the amount of that interest and how that interest is calculated a creditor must ensure the deor is properly served with the statutary demand so he should either deliver it in person to an individual a company director or an employee or get a process server to do this if you can't serve the demand personally you should send it by registered

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