Statutory Demand

Debt collection – and use of a Statutory Demand

This is an opinion by a debt collector – not a solicitor.

The Statutory Demand is a formal document drawn up by a solicitor against a company.

In order to make use of this very effective weapon, the debt must be over $2,000.

It must also not be disputed by the debtor company.

Should one proceed, ignoring the fact that the debt is disputed, you risk being sued for damages.

Our legals have issued Statutory Demands on behalf of our corporate client – and each time they have been effective.

Once the Statutory Demand is served on the company, it has just 21 days to pay or

face being would up.

Written by Richard Adams DCL5286

First International Debt Collection

enquiries@fidc.com.au

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Licensed bonded debt collection agency. ABN: 38 091 890 570 Member of Institute of Mercantile, Agents Australia Collectors Association, Mercantile Agents Association
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