I have received a Stat Demand under the Insolvancy Act and I'm really not sure what to do about it. It is for a Lloyds TSB credit card which was sent to me with my current account I held at the time, due to a marriage breakdown I found myself on benefits in 2006 and I spoke to the card company several times asking them to freeze the account and allow me to make reduced payments as I was no longer in a situation to either use the card or to pay the hefty minimal payments, they refused and the amount owed through interest steadily climbed to over the card amount allowed. The card company was taking the minimal payment from my account each month against my wishes making me overdrawn and costing me even more in bank charges, I kept requesting they stopped this and froze the account, my bank refused to stop allowing the payments to leave my account and were charging me around 60 to 80 pounds a month in charges. No one would listen or help. This went on for a year until July 2007 when I really couldn't cope anymore financially and I removed my account to another bank. I told both the card company and the bank that I would no longer pay them until they were prepared to help me a little, again they refused. Since then I have not paid them anything and ignored any letters from them or debt collectors thinking they would take me to court under a basic ccj, I thought at least that way I could agree payments terms. Sadly I was wrong and this Stat Demand has landed on my mat. I own my home under an interest repayment mortgage, I am on a disabality benefit due to a chronic illness that has led to unrepairable nerve damage and I have two dependant children aged 7 and 11. I don't have the means to pay the debt outright as it has now reached nearly 3000 pounds (rounded up) and the two pound in my savings account isn't going to help me greatly. I really would appreciate any advice that may help me deal with this problem as I don't know anything about this side of things and I am terribly worried that they can make me sell my home which I co own with my ex husband. Red

i have been served today with the a statutory demand, by 1st credit, trading as connaught collections, and given me 18 days to reply to the notice sent recorded delivery, and demand for payment of £3800 , this is a credit card debt, which was placed in legal dispute with bank of scotland 2 years ago, after i had the account audited by a claims management company, it would seem the bank of scotland have sold the debt on yet again, But this is first time i have been issued with this, my problem is i can no longer get any contact from the claims management company and i am in a real panic over this, and i really not sure what to do next, i would be very grateful for some advice, as some say the statutory demand is another form of a threat, but i am taking this serious, as they advise me i have to apply to the courts,