Statutory Demands

A 21 day time-bomb

Creditor Statutory Demands are dangerous. They can be issued to a company by any creditor owed $2,000 or more. They can be served by post, they don't have to be filed with the court and if you don't deal with it within 21 days of service you may not be able to dispute it later. A Creditor Statutory Demand can be followed by a winding up application. All valid Creditor Statutory Demands must have the words "FORM 509H" at the top. If you see that, then act immediately. Call somebody. 

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