Debt Recovery Against Companies – Statutory Demand
A Statutory Demand is a formal written request for payment of debts owed by a company, issued pursuant to the Corporations Act 2001 (Cth) (“Act”). Under the Act companies are
Tag: Debt Recovery
Recovery of judgment and non judgment debts
Debt recovery process in Australia is somewhat technical and complex. Because of that, in most cases, that is done by lawyers specialising in this area of law. Most people assume
How long am I to be declared a bankrupt?
The term of bankruptcy generally lasts for a period of 3 years. However under certain circumstances, the term can be extended. For example: If a bankrupt fails to follow their
The importance of business records in managing debt
Maintaining up to date records of business transactions, although tedious, is extremely important for all companies. This is particularly true where companies sell their goods and services using credit. Where