Statutory Demands & Bankruptcy Petitions - How to Ensure Proper Service

Introduction

The threats of bankruptcy action or winding-up proceedings are some of the most serious a debtor can receive.

Huge sums of money, and indeed the future of the individual or the company could be on the line, and so it is not a process to be taken lightly.

With that in mind, something as ‘simple’ as service, one would think, is an easy task.

But it is still a common occurrence that creditors and legal practitioners get this wrong, leading to the demand or petition becoming invalid and defective - wasting time and money for all involved.

This webinar will look at the process for service of statutory demands and bankruptcy petitions from start to finish.

It will address in detail what needs to be done to ensure effective and efficient action for creditors.

What You Will Learn

This webinar will cover the following:

• What is a statutory demand and when can they be used?
• What is a bankruptcy petition and when can they be used?
• Rules, legislation and case law to understand and adhere to when addressing the issue of service
• What happens if you cannot comply with the requirements (e.g., if you cannot effect personal service or if a debtor is purposefully avoiding you)?
• Key skills and helpful tips to ensure success
• Costs involved, and recovery of the same
• Recent case law, CPR and practice direction updates focused on implementing correct service when completing the bankruptcy process

This webinar was recorded on 2nd October 2023

You can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.