188体育

You have 21 days to respond to a statutory demand.

To respond, you must do one of the following:

• pay the debt
• reach an agreement with the creditor to pay the debt in the future, for example by using a Company Voluntary Arrangement
• put your company into administration
• apply to liquidate (鈥榳ind up鈥�) your company yourself

Your creditors can apply to wind up your company if you do not respond to the statutory demand within 21 days.

Stop your creditors from applying to wind up your company

You can apply to the court to stop (鈥榬estrain鈥�) your creditors from applying to wind up your company. You must do this within 21 days of getting the statutory demand.

Download and fill in application form IAA.

Which court you apply to depends on how much money shareholders have paid into your company by buying shares (鈥榩aid up share capital鈥�).

Check the Companies House register to find out your company鈥檚 paid up share capital.

Your paid up share capital is less than 拢120,000

Use the to find a court dealing with insolvency. You must use the court nearest your company鈥檚 registered office.

Your paid up share capital is more than 拢120,000

You must apply to the High Court.