(NOTE: This is an opinion – not one of a solicitor).
The Statutory Demand is a formal document drawn up by a solicitor.
The debt must be over $2,000 and must not be disputed.
To ignore this could prove costly – as one can be sued for damages.
Statutory Demands are effective in getting a debt paid fast.
Once the Statutory Demand is served, the company has just 21 days to pay or
faced being would up in the Federal Court.
First International Debt Collection