Statutory Demand

£275 inc VATInstruct Us

A statutory demand is a written demand for payment of a debt, in a prescribed form, allowing the debtor to pay the debt owed within a period of 21 days. A debtor who fails to comply with a statutory demand is at risk of having bankruptcy, or winding up proceedings issued against them. For this reason, serving a statutory demand may be a means of exerting pressure on an individual or company to pay a debt. A Judgment is not required meaning the process is quick and inexpensive. The Statutory Demand is personally served on the debtor and our fixed fee includes this additional service.

Charging Order

– £775 inc per person per title

Instruct Us

A charging order is a way of securing a judgment debt by imposing a charge over a judgment debtor’s property. This prevents a debtor from selling his or her property without paying what is owed to you, provided that there is enough equity in the property after payment of any other creditors including mortgagors or second charge holders.

A charging order is most effective when there is substantial equity in a property and the judgment debtor is the sole owner. A charging order does not of itself realise funds to satisfy a judgment debt, however, it is a means of securing a judgment debt for payment upon the sale of the property.

Third Party Debt Order

– £350 inc VAT

Instruct Us

By third party debt orders, sums owed to a judgment debtor that are in the hands of a third party, such as a bank, are frozen and seized for your benefit.

This method of enforcement is dependent upon there being a third party debt but it can be a useful method of enforcement where you have the debtors bank details where a salary is paid into it.