A Creditor’s Statutory Demand for payment of debt is a demand, in a prescribed form (referred to as a Form 509H), made under section 459E of the Corporations Act 2001 (Cth). This presents a fast …
creditors statutory demand
Surviving a Statutory Demand
A company served with a formal demand for payment of a debt, known as a creditor's statutory demand, has three options to avert insolvency action being taken. The first thing a company can do is to …