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Other issuing rules for Statutory Demands

A Statutory Demand may not include a claim for unliquidated damages however, one can subtract the amounts not due from the amount that is actually due so long as more than $2,000 is owing.

Multiple creditors are not allowed to serve a single Statutory Demand on one company.

A creditor is not entitled to serve a Statutory Demand at the same time as proceeding against the debtor company's directors in relation to the same alleged debt.

If a creditor is a company, the Statutory Demand should be given under common seal

The demand must correctly state the debtor's name and its registered office

The demand must specify a place in Australia where the debt can be paid.

 


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Liquidation Direct - Experts in Statutory Demand. Low Cost Liquidation specialists for voluntary liquidation, voluntary administration, bankruptcy and Part X Personal Insolvency Agreement and Part IX Debt Agreement. Operating as Liquidators in Sydney, Liquidator in Melbourne, Liquidators in Brisbane, Adelaide and Perth.

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