What Is a Statutory Demand? (Quick Answer) A statutory demand is a formal legal demand requiring payment of a debt. If a company fails to pay the debt or otherwise resolve the matter within 21 days, the creditor may rely upon the unpaid demand as evidence that the...
What Is a Letter Before Action? A Practical Guide to Resolving Disputes Before Court Proceedings If somebody owes you money, has breached a contract, or is refusing to resolve a dispute, your first instinct may be to start court proceedings immediately. However, in...
