I’ve Just Received A Statutory Demand From A Creditor, What Do I Do?November 4th, 2016
“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 receiving a statutory demand.
So your main options are: one, pay the debt in full; two, have the statutory demand set aside, which you should get legal advice about; three, go into a payment plan to pay the debt; or four, don’t pay the debt.
But, if you don’t pay the debt, you need to do something, because if you don’t do anything this may end up with a Wind Up notice, which could lead to far more serious issues for your business.
If you’re not sure what to do, please contact us and we’ll work through a solution for you.
If Your Business Finances Are Out Of Control, We Can Help.
Call us on 1300 905 107 or Click Here For More Information.
Latest posts by David Hill (see all)
- Explaining a Deed of Company Arrangement - February 24, 2020
- Biggest Business Collapses and Voluntary Administrations of 2018 - March 8, 2019
- A Guide to Receivership - March 6, 2019