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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.
Our team can provide unmatched expertise in matters of Statutory Demand, leading to a successful result.
Statutory Demands indicate to debtor companies that you mean serious business in recovering debts.
Statutory Demand is a key step in recovering debts from companies who want to continue operating.
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.
Tell us the specifics of the debt owed to you
We will draft a Statutory Demand and serve your debtor
We will continually follow the demand up and ensure it is actioned
If the debtor fails to act, we can continue to pursue the debt on your behalf
Tell us the specifics of the debt owed to you
We will draft a Statutory Demand and serve your debtor
We will continually follow the demand up and ensure it is actioned
If the debtor fails to act, we can continue to pursue the debt on your behalf
Tell us the specifics of the debt owed to you
We will draft a Statutory Demand and serve your debtor
We will continually follow the demand up and ensure it is actioned
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.
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 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.
"AANDI are very easy to deal with. Always prompt service with informative and timely communication. We will be using them for all our legal needs from now on."
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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:
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.
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.
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.
