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statutory demand Articles

Have you received a Statutory Demand and not sure what to do?  We stress the need for absolute precision within an absolutely finite time in applying to set aside a Statutory Demand. A Statutory Demand is a statement, in a particular form, that a company owes a sum of money and that there is no… Read more »

In a previous article (How to Deal With a Statutory Demand), we assured you that the 21 day window to apply (by filing the application and serving it on the applying creditor) to set aside a Statutory Demand could not be extended. The scheme set up by the Corporations Act is strict and inflexible on… Read more »

The Corporations Act allows a creditor to issue a statutory demand to a corporate debtor.  It is an extremely effective debt collection process where there is no dispute (other than payment).   The golden rule is to deal with a statutory demand immediately.  We often receive cries for help after a failure to address the… Read more »