Statutory Demand IVA Glossary
What is Statutory Demand?
A formal notice requiring payment of a debt exceeding £750 within 21 days, in default of which bankruptcy or liquidation proceedings may be commenced without further notice.
(Please Note: The definitions are not intended to be exhaustive summaries of the Law. They are based on material from The Insolvency Act 1986 , and other Acts dealing with this subject.)
The above is provided as information only. Iva.co.uk does not provide debt advice. You must always seek professional advice before taking any action to resolve your debts.
Related Information:
- Administration Order
- Authorised Insolvency Practitioner
- Administrative Receiver
- Administrative Receivership
- Administrator
- Agricultural Receivership
- Associates
- Bankrupt
- Bankruptcy order
- Bond
- Charge
- Charging order
- Company directors disqualification act
- Company voluntary arrangement
- Composition
- Compulsory liquidation
- Connected persons
- Contributory
- Court appointed receiver
- Creditors committee
- Creditors voluntary liquidation (CVL)
- Debenture
- Deed of Arrangement
- Disqualification of Directors
- Extortionate credit transaction
- Fixed charge
- Floating charge
- Fraudulent Trading
- Going concern
- Guarantee
- Individual Voluntary Arrangement (IVA)
- Insolvent
- Insolvency act 1986
- Insolvent Liquidation
- Insolvency Practioner (IP)
- Insolvency Rules
- Insolvency Rules 1986
- Interin order
- Investors compensation scheme
- Judgement
- Law of property act 1925 (LPA)
- LPA receiver
- Lien
- Liquidation
- Liquidation committee
- Liquidator
- Mareva Injuction
- Member
- Members voluntary Liquidation (MVL)
- Misfeasance
- Mortgage
- Nominee
- Office holder
- Official Receiver (OR)
- Onerous Property
- Petition
- Policyholders protection act 1975
- Preference
- Preferential creditor
- Proof of debt
- Proving
- Provisional Liquidator
- Proxy
- Proxyholder
- Receiver
- Receivership
- Recognised professional body (RPB)
- Reservation of title or retention of title agreement
- Secured creditor
- Security
- Shadow director
- Special Manager
- Statuory Demand
- Supervisor
- Transaction at an undervalue
- Trustee
- Unsecured Creditor
- Undischarged Bankrupt
- VAT bad debt relief
- Voluntary liquidation
- Winding Up
- Winding up order
- Winding up petition
- Wrongful trading