Statutory Demands and Winding Up Notices

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Received a Statutory Demand? You Must Act Fast

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.

Law Tram's Legal Partners can assist with statutory demands, including:

Reviewing the demand and advising whether it is valid
Applying to set aside a statutory demand in the Federal Court
Negotiating with creditors to withdraw or vary the demand
Filing appropriate documents to dispute the debt or extend time
Advising directors on potential liability if no action is taken
Responding to winding up applications and court proceedings
Advising on how to avoid a presumption of insolvency
Preparing affidavits of dispute or applications under s459G
Helping restructure or refinance to pay the debt
Acting urgently within the 21-day deadline

Why Choose Law Tram

How It Works

Confidential and Secure Questionnaire

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.

Confidential Legal Summary

Law Tram’s advanced technology generates a confidential legal summary of your situation while keeping your personal and business details private.

Review by Licensed Australian Lawyers

Your confidential legal summary is shared with our network of vetted lawyers who review your case to determine how they can assist.

Connect with a Lawyer

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.

No Obligation

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.

What Others Are Saying

Law Tram User

I had no idea what a statutory demand was or how serious it could be. The lawyer explained everything and helped us respond within days.

Law Tram User

We were served with a winding up notice. Law Tram helped us act fast and avoid liquidation.

Law Tram User

The lawyer filed the right documents to set the demand aside and bought us time to refinance.

Legal Information Only – Not a Substitute for Advice

This page provides general legal information only. It is not legal advice and should not be relied on as such. Statutory demands and winding up notices involve strict time limits and serious legal consequences. You should seek advice from an Australian Legal Practitioner immediately.

Take the First Step Toward Resolution

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.

Frequently Asked Questions

What is a statutory demand?

It is a formal demand issued by a creditor to a company, asking for payment of a debt over $4,000. If the company does not respond in 21 days, it can be presumed insolvent.

Can I ignore a statutory demand?

No. If you do not respond, the creditor can apply to wind up your company. The court will assume your business is insolvent.

Can I dispute the debt?

Yes, but you must act quickly. You may need to file an affidavit and a court application within 21 days of receiving the demand.

What if the debt is incorrect or partially paid?

Even a small defect in the demand may be grounds to have it set aside, but you must respond within the deadline.

What is a winding up application?

It is a court proceeding that can lead to your company being liquidated and a liquidator appointed to sell your assets.