CHELTENHAM, ENGLAND, June 25, 2012 /24-7PressRelease/ -- Thanks to uncertain economic times, creditors are increasingly turning to statutory demands to force debtors to repay their debts. An immediate response and decisive action upon the receipt of a statutory demand is essential if an individual or business is to avoid further financial complications or damage to their reputation. Simon Burn Solicitors is now offering its services for setting aside statutory demands. An initial consultation is available at no charge and without further obligation.
A statutory demand is a legal demand for the repayment of a debt. The statutory demand process allows only a limited amount of time from the date of the demand for businesses and individuals to respond. Experienced legal representation can ensure debtors file the appropriate application to set aside statutory demand within the deadline and can work to help resolve any disputes between creditors and debtors to ensure the best possible outcome.
Each case is unique, and certain aspects may make it more likely that the court will set aside a specific statutory demand. If the debt is below GBP750 or the amount owed is in dispute, if the creditor is facing a counterclaim that is equal to or greater than the statutory demand, if the debtor is complying with an installment order, if there is some error regarding the statutory demand, or if the creditor has failed to fulfill his or her responsibilities, the court may be more likely to set aside statutory demand. You can visit www.SetAsideStatutoryDemand.co.uk for more information.
Those who have received a statutory demand should not delay seeking legal advice. As soon as the statutory demand is served, the period during which debtors have to take action begins.
Several defenses can be used in the process of setting aside statutory demand, and the appropriate defense can help debtors remain solvent. When the use of statutory demands has been inappropriate, an experienced insolvency solicitor can prevent creditors from taking formal proceedings against debtors and have the original statutory demands set aside by the court.
You can visit http://www.setasidestatutorydemand.co.uk or call 01242 228444 for more information about the nationwide services offered by Simon Burn Solicitors. Their offices are located at 123 Promenade in Cheltenham, GL50 1NW, and at Aspect Court, 4 Temple Row, Birmingham, B2 5HG.