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Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. Has the statutory demand been served under English Law? Does the company have the assets to pay? Does the loan instrument contain a "Non Waiver" clause? Kind regards AJ
Hi, Thank you I am not allowed to correspond by email I am afraid. If you need to respond later I am available all day. The statutory demand does not mean they have to petition for the winding up of the company at the end of it. They can simply allow the 21 days to expire and at which point the demand will just be evidence that the debt is due and owing - have you asked the solicitor to confirm that they will not commence insolvency proceedings?
Hi, Thank you. I unavailable for a phone call today. I can opt out and see if another expert is available by phone? If you would like me to carry on with this thread - can you send me a copy of the loan to review? Kind regards AJ
Hi, Thank you. It sounds like the solicitors are doing this to create work for themselves - there is no need to submit the demand if the money is due and owing. Would the lenders agree to a formal written extension on the repayment date? That is the only way to stop enforcement action. I look forward to hearing from you.
Hi thank you. If you are able to provide me with a redacted version of the loan document I would be happy to review it. In the mean I would be most grateful for any feedback? Kind regards AJ