re statuory demand

[kieranandmegansmum]

another thing isnt a statuory demand suppose to be sent by recorded delivery or hand delivered as my was sent by normal post say it had got lost in post and never recieved it how would i go on then as i wouldnt have known anything about it and could be made bankrupt without any warning

S WARD

[MelanieGiles]

Normal post is fine for the statutory demand, although most sensible creditors would send it by recorded delivery to ensure they could show proof of posting. It is the bankruptcy petition which needs to be personally served.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[kieranandmegansmum]

yes but if i hadnt recieved it and didnt know i could be made bakrupt with a petition and could have done something about it

S WARD

[kieranandmegansmum]

say i have recieved a statuory demand from one of my creditors do you think they would make me bankrupt as owe them 2400 because surely it would cost them a bit has anyone else had thisexperience whilst waiting for their proposal

S WARD

[MelanieGiles]

If you did not receive the statutory demand, you would certainly receive the bankruptcy petition and then you could go to Court to appeal it. The chances of not receiving the demand are slight - less than 0.01% of Royal Mail postings actually go astray.

If you did receive a statutory demand, of course the creditor would be serious about making you bankrupt, as that is what the demand is a precursor to.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[kieranandmegansmum]

yes but how much does it cost them to make you bankrupt

S WARD

[MelanieGiles]

About £1,200.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[kieranandmegansmum]

well surely then they arent going to gain much from this

S WARD

[MelanieGiles]

They do not always take the commercial view unfortunately!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[kieranandmegansmum]

melanie have you ever had a client issued a statuory demand whilst dealing with their iva process and if so have you been able to sought it out

S WARD

[MelanieGiles]

Absolutely - as I have said previously there is a time limit between the serving of a statutory demand and a bankruptcy petition. You just need to makes sure that the creditors meeting is held between the two dates.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[kieranandmegansmum]

so basically i only have about 3 weeks after the statuory demand has expired

S WARD

[MelanieGiles]

You really need to now discuss this with your IP who is there to help you with things like this. Are they aware of the demand?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[kieranandmegansmum]

ive sent the demand to the company for them to deal with also is it correct 3 weeks or 6 weeks from expiry of demand

S WARD

[MelanieGiles]

You have 18 days to respond to the Statutory Demand.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp