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I’ve just received a Statutory Demand from a Creditor, what do I do?

November 30th, 2015

I’ve just received a Statutory Demand from a Creditor, what do I do?

Well, the legal debt recovery process has started so you need to do something within 21 days of being served with the Statutory Demand!

Your main options are:

  1. Pay the debt;
  2. Have the statutory demand set aside;
  3. Go into a payment plan to pay the debt
  4. Don’t pay the debt

BUT – if you don’t pay the debt….you still need to do something…….as if you do nothing, this could lead to a Wind Up notice on the company which may lead to more serious issues.

If you’re not sure what to do, call us or get some legal advice quickly.

Get Free Expert Advice Now

Regardless of what you’re currently facing, the first step is to discuss your situation with a qualified expert today, so you can make the right decisions moving forward. But don’t delay. The faster you act on your own behalf and take charge of the situation, the better your outcome could be. It’s FREE to talk with us, so why wait?

Click here to contact us or call us now on 1300 789 499.

If Your Business Finances Are Out Of Control, We Can Help.
Call us on 1300 905 107 or Click Here For More Information.

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David Hill
David has over 15 years in the insolvency industry – advising clients through restructuring of their business. His clear, “straight up” style provides clients with a strong direction of what they need to do, and how the process will work. As importantly, he brings empathy to the process – which is essential at a “high-stress” time for clients.

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