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Statutory Demands

Recover debts owed to you by other companies

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Statutory Demands

A dedicated debt recovery team to serve your Statutory Demand

A Statutory Demand is a critical step in debt recovery for amounts over $2,000. By serving a debtor company with a Statutory Demand, you are giving them 21 days to resolve a debt. If they do not respond within this time, the debtor company is presumed to be insolvent, opening up other avenues to recoup the debt through the courts.

Advice from the experts

Our team can provide unmatched expertise in matters of Statutory Demand, leading to a successful result.

Take serious action

Statutory Demands indicate to debtor companies that you mean serious business in recovering debts.

Recover the money you're owed

Statutory Demand is a key step in recovering debts from companies who want to continue operating.

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Serve Statutory Demands with AANDI Lawyers

If you are owed a debt of over $2000, you can attempt to recoup your losses by sending a letter of Statutory Demand to the debtor company. AANDI Lawyers' debt recovery team can serve the debtor company with this letter, taking the first steps towards insolvency.

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How we handle a Statutory Demand

Statutory Demands
1

Tell us the specifics of the debt owed to you

Statutory Demands
2

We will draft a Statutory Demand and serve your debtor

Statutory Demands
3

We will continually follow the demand up and ensure it is actioned

Statutory Demands
4

If the debtor fails to act, we can continue to pursue the debt on your behalf

5

How we handle a Statutory Demand

Statutory Demands
1

Tell us the specifics of the debt owed to you

Statutory Demands
2

We will draft a Statutory Demand and serve your debtor

Statutory Demands
3

We will continually follow the demand up and ensure it is actioned

Statutory Demands
4

If the debtor fails to act, we can continue to pursue the debt on your behalf

How we handle a Statutory Demand

Statutory Demands
1

Tell us the specifics of the debt owed to you

Statutory Demands
2

We will draft a Statutory Demand and serve your debtor

3

We will continually follow the demand up and ensure it is actioned

Our debt recovery team

The debt recovery lawyers in our team have a success record that rivals their experience. They can handle the entire process of Statutory Demand, from the initial draft of the demand, through to insolvency actions against the debtor.

Matthew McKinley

Associate

John Stavris

Lawyer

Start the process today, and our experts will get to work.

Your debt recovery lawyers

Recovering debts can be a frustrating process. To ensure a successful result, the debt must be recovered using the framework of the law. Our team has expert knowledge of the law and can help you navigate it with experience.

Unpaid invoices can be detrimental to your business. We send Statutory Demands directly from our offices to the debtor in question, providing you with the fastest possible route to debt recovery.

We will always keep you abreast of what's happening with your debtors. We will keep you informed by phone call, email, or face-to-face when possible. Our methods of communication are decided by what you're comfortable with.

Depending on how the Statutory Demand progresses, you may require further action to recover your debt. If this is the case, we will let you know the next steps to take, and give you transparent, fixed pricing.

Contact us

Start the process with a Letter of Demand

Contact our team, and we'll start the process of Statutory Demand. If this isn't actioned, or is ignored entirely, we can begin pushing your debtor into insolvency.

(03) 9813 4290
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Testimonials

Your questions answered

What is a Statutory Demand?

A Statutory Demand is an important step in debt recovery. It is a document issued by a creditor (of the legal representatives of a creditor) that requires a company to pay debts owed within 21 days. The debtor in question will need to respond to the demand by:

  • Paying the debt
  • Arranging a payment schedule
  • Challenging the demand

If the debtor fails to respond to the demand, they are presumed to be insolvent. The creditor can then proceed to wind up the debtor, and recover what's owed to them.

Is it better for a Statutory Demand to come from a lawyer?

A Statutory Demand served by a law firm will be more effective than one sent by a creditor. Displaying a legal letterhead at the top of the demand goes a long way to enforce the seriousness of the document. You will also be letting your debtor know that you will follow through with the demand, and will continue to pursue the debt through insolvency.

What happens if the debtor doesn't respond to the Statutory Demand?

First off, the debtor will be deemed to be insolvent. Following the classification of insolvency, you can begin proceedings to wind up the company in court and claim what's owed to you. We offer other debt recovery services to aid in these further steps.

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