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1st January 2016

When the excuses have to stop

CAN a debtor keep trotting out the same old story?
On 26 November 2015, the High Court (Harvey v Dunbar Assets Plc) heard an application to set aside a statutory demand. A statutory demand (in both corporate and personal insolvency) is a demand for a debt which is served on the debtor in a particular form: it is often an effective method of recovering a debt from someone (a person or a company) that has the means to pay, but chooses not to.