Non-statutory letter of demand before winding up petition | Practical Law

Non-statutory letter of demand before winding up petition | Practical Law

An example letter of demand for a creditor to send to a debtor company warning that they will present a winding-up petition if the debt is not paid. This letter may be used as an alternative to a statutory demand under section 123(1)(a) of the Insolvency Act 1986.

Non-statutory letter of demand before winding up petition

Practical Law UK Standard Document 7-385-3639 (Approx. 10 pages)

Non-statutory letter of demand before winding up petition

by Practical Law Restructuring and Insolvency
Maintained • , England, Wales
An example letter of demand for a creditor to send to a debtor company warning that they will present a winding-up petition if the debt is not paid. This letter may be used as an alternative to a statutory demand under section 123(1)(a) of the Insolvency Act 1986.
Note: The remaining temporary measures that were introduced in response to the COVID-19 pandemic expired without renewal on 31 March 2022. See Legal update, Remaining temporary insolvency measures will expire on 31 March 2022.
Other restrictions on winding-up and bankruptcy petitions concerning COVID-related arrears of commercial rent continue to apply under the Commercial Rent (Coronavirus) Act 2022. See Practice note, COVID-19: Commercial Rent (Coronavirus) Act 2022: rent arbitration and the implications for enforcement.