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1:59
YouTube
Blackstone Solicitors Ltd
What is a statutory demand in the UK? #solicitors
A UK statutory demand is a formal written demand for payment of a debt, requiring the debtor to pay within 21 days. It is a serious legal step used by creditors to collect a genuine debt and, if the debtor doesn't respond, the creditor can use it as a basis to petition for bankruptcy (for individuals) or compulsory liquidation (for companies ...
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