27 Feb 2020
How do you make a small claim in NSW?
If you find yourself in a position where you’re out of pocket because of someone else and the amount you’re owed is relatively small, it can be difficult to know what to do next. Whether it’s a debt someone hasn’t repaid (like a customer who won’t pay your bill), money you’ve had to outlay to […]
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15 Oct 2019
Is it OK if you’re just a bit late applying to set aside a statutory demand? Which case won?
In late June 2017, a government department (the ‘creditor’) instructed a process server to serve a statutory demand on a company (the ‘debtor company’). The creditor alleged that the debtor company owed it nearly half a million dollars.
A statutory demand is a formal demand for payment of outstanding debts of $2000 or more made under Section 459GÂ of the Corporations Act 2001 (Cth). The Act prescribes that a debtor company has 21 days to comply with the demand or apply to the court for an order that the demand be set aside. Failure to do either of those things creates a legal presumption that the company is insolvent and means that the creditor can apply to wind the debtor company up in insolvency.
