Serving a statutory demand is one of the most effective tools for creditors to enforce payment of clear, undisputed debts. However, once served, a precise legal clock begins ticking — and any failure to act properly can weaken a creditor’s position and waste time and money. Creditors, solicitors and debt recovery professionals must understand exactly what happens next, how debtors can respond, and how to escalate correctly to bankruptcy or winding-up proceedings if the debtor