Letters of Demand
Statutory Demand
Our specialist statutory demand lawyers at JCL Legal, based in Sydney CBD, have the expertise and experience to help you, if you have been served with a Statutory Demand. You must act urgently you cannot wait; you have to act within 21 days of the service of the Demand. We can get you out of trouble and save your company. In many of the cases we deal with, the Statutory Demand is withdrawn before the matter goes to court.
How to deal with a Statutory Demand
A Statutory Demand is a demand upon a company under the provisions of the Corporations Act. Failure to act and negotiate payment to have the Demand withdrawn or to make an application in the Supreme Court of New South Wales, before the expiration of the 21 day period, is deemed to be sufficient grounds to have a company wound up.
An application to set aside a Statutory Demand is made in the Supreme Court of New South Wales and must be accompanied by an affidavit setting out the grounds on which you rely to have the Statutory Demand set aside (deemed invalid). A Statutory Demand must be for a definite amount of money over which there is no dispute, properly described and the debtor (person owing the money) is properly described. If there is any error in the Statutory Demand or it is ambiguous, then there are grounds to have it set aside (made null and void).
Even when the Statutory Demand is drafted correctly, it has been our experience that most Creditors are willing to negotiate the debt. Our statutory demand lawyers will work with you to negotiate and arrange to pay the debt with a satisfactory regime. It is here that our team’s extensive business experience and negotiation expertise works to obtain a satisfactory outcome to have the Statutory Demand withdrawn.
Statutory Demand FAQs:
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“Absolutely amazing. JCL Legal settled the entire legal issue, had my best interest at heart. Jeffrey was extremely patient and really had my back…”
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Balmain, Sydney