Insolvency
The Council can serve a Statutory demand as a prelude to personal bankruptcy if you do not pay your Business Rates if you owe in excess of £750.00.
Please note currently Insolvency proceedings are carried out by Solicitors acting on behalf of the Council’s Bailiff Ross & Roberts Ltd so any initial query should be direct to them on 0870 167 0707.
These proceedings commence with the Council serving a Statutory Demand on you.
How to comply with a Statutory Demand
If the company wishes to avoid a winding up petition being presented it must pay the debt shown on page 1 of the Statutory Demand, particulars of which are set out on page 2 of the notice, within the period of 21 days after its service upon the company. Alternatively, the company can attempt to come to a settlement with the creditor. To do this the company should:
- Inform the individual (or one of the individuals) named in part A of the Statutory Demand immediately that it is willing and able to offer security for the debt to the creditor's satisfaction; or
- Inform the individual (or one of the individuals) named in part A of the Statutory Demand immediately that it is willing and able to compound for the debt to the creditors satisfaction.
If the company disputes the demand in whole or in part it should contact the individual (or one of the individuals) named in part A of the Statutory Demand immediately.
REMEMBER:
The company has only 21 days after the date of service on it of this document before the creditor may present a winding-up petition.
If you are in arrears with your Business Rates and wish to discuss payments or the action being taken against you, please contact us as soon as possible.
Contact Us
Revenues
West Somerset House
Killick Way
Williton
Taunton
Somerset
TA4 4QA
Telephone: 01643 703704
Email: revenues@westsomerset.gov.uk