What is a Statutory Demand?
If the debt is over $4,000 and there is no genuine dispute, we can issue a Statutory Demand within 24 hours for $196.
This is a powerful legal step. It requires the debtor to either:
- Pay the debt;
- Go to court to dispute it; or
- Risk being wound up.
Important:
If the debtor successfully proves there is a genuine dispute, the court may order you to pay their legal costs.
If you are unsure, choose “Talk to a solicitor” before proceeding.
To issue a statutory demand, we will send you a form to sign before a Justice of the Peace or Solicitor, confirming that the debt is owing. You may sign it at our office at no extra cost.