If your company has received a statutory demand, it is a serious warning sign. In Australia, a statutory demand is a formal document sent by a creditor asking for payment of a debt over $4,000. If the company fails to pay, dispute or apply to set it aside within 21 days, it can be presumed insolvent and the creditor can apply to wind it up.
This is one of the fastest ways a company can be forced into liquidation. Timing is critical. Even if you believe the debt is incorrect or unfair, the deadline is strict and enforced by the courts.
Law Tram connects you with lawyers who can review your statutory demand, explain your options and act quickly to protect your business.
Start by completing our secure online questionnaire. This step allows you to provide essential details about your company, the debt and the statutory demand received.
Law Tram’s advanced technology generates a confidential legal summary of your situation while keeping your personal and business details private.
Your confidential legal summary is shared with our network of vetted lawyers who review your case to determine how they can assist.
If a lawyer believes they can help, they will initiate a chat with you through the Law Tram platform. Your contact details remain private unless you choose to share them.
You are under no pressure to retain any lawyer unless you are confident in their ability to assist. Law Tram empowers you to make informed decisions.
Law Tram’s Debt and Bankruptcy Consultation offers a secure, efficient and supportive way to connect with expert legal help. Whether you’ve received a statutory demand or need urgent advice about a winding up notice, our platform helps you access tailored advice from qualified lawyers.
Start your free, confidential consultation today. Please note that Law Tram does not assist in finding legal aid lawyers. If you are seeking legal aid, visit our dedicated legal aid page for more information.
Take the first step toward resolving your debt matter with clarity and peace of mind.
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