Responding to Statutory Demands and CCJ’s

What is a Statutory Demand?

A Statutory Demand notifies you that a reasonable offer of repayment is required by the creditors, and must be issued before any bankruptcy proceedings can be brought against a debtor.

How can Money Tailor help?

At Money Tailor our experienced Legal Processing Department can help you respond to such a demand if you provide us with documentation within 7 days, together with a realistic repayment offer, and we keep it simple. Within 21 days we contact the solicitors and increase the offer of repayment until an agreement is reached. This should be sufficient to avoid a court hearing.

What is a County Court Judgement (CCJ)?

A County Court Judgement (CCJ) comes into effect when a court has decided that a debt is not being repaid according to the terms of an agreement. It outlines details of how much money should be paid, and how often. Ideally you should aim to clear the debt within three months of the Judgement being entered, and in some cases this can be done by offering an immediate (but reduced) lump sum.

When a CCJ is served, and you cannot pay in full or feel that it has been issued in error, you have two options: you can either admit the claim against you and complete an admissions form with a pro rata offer to send to the creditors, or if you feel that the Judgement is invalid, you can defend yourself, if, for example the debt is not yours, or you have been the victim of fraud.

If you comply with a CCJ, and begin monthly repayments, or repay in full, you cannot have legal action brought against you.

Warning: the advice on this page is based on advice given in most circumstances. If you are at all unsure what to do, you should seek personal assistance and advice from one of our experts as each case is different.