27 Mar Does a statutory demand expire?
There is no expiry period for a statutory demand. However, if more than 4 months has passed since you served the demand, you will need to explain to the court why you have delayed in presenting a bankruptcy petition. If the delay is too long, you may have to serve a fresh statutory demand. Under the Limitation Act 1980, a debt must generally not be more than 6 years old or based on a default judgment not more than 6 years old. This period can start to run again from any date the debtor agrees the debt exists and may be extended more than once. You may need legal advice if you think the debt is affected by this time limit.