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Tag Archives: Creditor’s statutory demand for payment of debt
Setting aside a statutory demand: Genuine dispute
In an earlier post, we discussed how long you have to make an application to set aside a statutory demand. In this post, we look at one of the grounds for setting aside a statutory demand, namely a “genuine dispute”. If … Continue reading
An example of why you need expert insolvency advice when serving a statutory demand
A recent decision of the Supreme Court of New South Wales provides a perfect example of why creditors should obtain expert insolvency advice prior to serving a creditor’s statutory demand for payment of debt. The plaintiff made an application to set … Continue reading
How long do I have to apply to set aside a statutory demand?
People must be tightening their belts – we have seen an increase in new statutory demand matters. In the last fortnight, three people approached us for advice a few days after the expiry of statutory demands that were served on their … Continue reading