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Statutory Demand - How are "days from" calculated?

By Lunalady
September 27, 2012 in Formal Solutions: Bankruptcy, Administration Orders, Debt Relief Orders and IVAs

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Lunalady

Posted September 27, 2012

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#1

Posted September 27, 2012

I apologise if I'm in the wrong place but was hoping someone could advise as to how the 21 days to satisfy a statutory demand is calculated.

I understand that it is 21 days from the date of service, but does the actual day of service count as day 1?

I have also read that if the demand is served before 4pm it is 21 days from that day, but if it's after 4pm it's 21 days from the following day.

I also assume it's days as opposed to working days?

If anyone is able to clarify, that would be most helpful.

Thanks in advance.

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citizenB

Posted September 27, 2012

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Posted September 27, 2012

Sorry you have it wrong.. it is 18 days from the date of service that you have to set aside the SD and 21 days for them to petition for your bankruptcy... 3 days after the 18

HTH

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Lunalady

Posted September 27, 2012

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#3

Posted September 27, 2012

OK thanks.

However, what i need to know is if, for example, Stautory Demand served on Monday 1st, is Monday 1st day 1 and I'm I correct in assuming it's not working days.

Is the 4pm / after 4pm information correct ie served after 4pm on 1st deemed to be actually served on Tues 2nd?

If anyone could clarify that would help.

Thank you.