I have just received a statutory demand from citibank - ie, if we don't pay them £5k within 21 days they'll start bankruptcy proceedings. Obviously this was timed to arrive the day before the long bank holiday weekend, but luckily I'm a student, so can go straight to the county court on Wednesday morning and apply to have the demand set aside because the amount is in dispute. My question is this: should my letter in reply to the demand simply tell them that I'm applying for set-aside, or is it worth making an improved offer of settlement at the same time (though I can't afford anything like 5k!)? Any comments welcome...(posted 8000 days ago)