demanded debt

  • Statutory demand

    What is the minimum amount of demanded debt in a statutory demand?

    For corporate debtors the minimum amount is £750.

    For individual debtors the minimum amount is £5,000 – Under the Insolvency Act 1986 (Amendment Order 2015) which was revised on 1st October 2015.

    Although the sum of £750 still applies to bankruptcy petition prior to 1st October 2015.

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