So let’s say you’ve been served with a statutory demand. You’ve examined the situation and decided that negotiating a resolution is the best bet. The terms are largely agreed, but you’ve got … [Read more...]
I’ve Been Served with a Statutory Demand – What Should I Do?
As we’ve set out in our earlier article, statutory demands are serious business. If you fail to deal with one appropriately after being served, the consequences could be dire for you and your … [Read more...]
What are Statutory Demands and How Do They Work?
Statutory Demands for Payment of Debt (or Stat Demands for short) are a standard tool in the arsenal of commercial debt collection. In this article we’ll run you through: What a statutory … [Read more...]
What’s the New Insolvency Regime for 2021?
Last year, largely from financial pressure arising out of the COVID-19 response, the Federal and State Governments introduced hefty stimulus packages for businesses and individuals. For many, these … [Read more...]
Understanding the Most Common Forms of Insolvency – Administration, Liquidation, Receivership
If you’re dealing with a company in financial distress, it’s critical to understand what (if any) type of external administration you’re dealing with. Just lumping all forms of external administration … [Read more...]