A Creditor’s Statutory Demand for payment of debt is a demand, in a prescribed form (referred to as a Form 509H), made under section 459E of the Corporations Act 2001 (Cth). This presents a fast …
Bankruptcy & Insolvency
Surviving a Statutory Demand
A company served with a formal demand for payment of a debt, known as a creditor's statutory demand, has three options to avert insolvency action being taken. The first thing a company can do is to …
Resisting a Liquidator’s Claims
Resisting a Liquidator’s Claims: How to hang on to payments made to you What happens if a company which cannot pay its debts goes into liquidation, and the liquidator sends you a letter alleging that …