template

Rule 7.3 Statutory Demand (Compulsory Liquidation Case Study)

by
Genie Team
Genie Team
Sep, 28 2022

When to use this template

A statutory demand is a legal document that a creditor can use to petition a company for insolvency.

Key issues covered in this template

  • Authentication rules
  • Communication with creditor
  • Debt details
  • Demander must complete
  • Insolvency rules
  • N/A

What to watch out for

  • The document should include a description of the company's financial situation and the reasons for the creditor's petition

  • It should explain the process of issuing a statutory demand and the consequences of non-payment

  • It should detail the options available to the company if it receives a statutory demand

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Used by

Author

Genie Team

Genie Team

@genieteam
Genie AI

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

Additional information

Business categories

Business activities

Contract type

Relevant sectors

Finance

Relevant company sizes

1 - 3

4 - 19

20 - 49

50 - 249

250 - 999

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes