This Checklist considers the option for someone who is owed money (referred to throughout as a creditor) to make a statutory demand against an individual or company that owes such funds (referred to throughout as a debtor) but is unable to pay. It is intended as a high level summary of the key considerations from a dispute resolution lawyer’s perspective. For detailed guidance and case law concerning statutory demands, see: Statutory demands for restructuring and insolvency professionals—overview.

Otherwise, for a general understanding of contractual debt claims and, in particular, the considerations that apply in the context of disputed debts, see:

1. •

   Practice Note: Debt claims

2. •

   Practice Note: Starting a contractual debt claim — a practical guide, and

3. •

   Starting a contractual debt claim—checklist

For a checklist setting out some of the key considerations for a debtor on receipt of a statutory demand from a dispute resolution perspective, see: Responding to a statutory demand for dispute resolution lawyers—checklist.

Finally, you might also be interested in: Advancing a claim against a party in financial difficulty—checklist.