I hope your company never receives a statutory demand but regretfully many people use a statutory demand improperly to recover debts allegedly owed to them by a company.
When you receive a statutory demand you need to respond immediately and file all documents within 21 days of receiving it. If you don't do that you put at risk your company being wound up. It is for that reason I always keep my mobile phone on so that I can respond promptly to any such request. A couple of weeks ago I received a message on my phone late in the evening from a client who had received at his office a statutory demand. He had been away for almost 3 weeks which resulted in the statutory demand becoming effective within 48 hours. I was able to respond immediately and assess the situation with my client.
Fortunately, I was able to act promptly after assessing the situation and negotiate by noon the next day to have the statutory demand withdrawn. Statutory demands, fall under s 459E of the Corporations Act and are subject to many technicalities. It is the intimate knowledge of these technicalities that has allowed me to assist my clients, in many cases to have the issuer withdraw the statutory demand or on the other hand allowed negotiation to settle the matter for the best available result.
It is very important if you've ever been issued with the statue demand, or if you wish to issue a statutory demand to ensure that it complies with the legislation. If I can be of service to assist you or anyone you know, please contact me.
Email : [email protected]
telephone : +61 419 233 670
Source : http://www.jcllegal.com.au/
