Debt Recovery

What is a Creditor’s Statutory Demand?

By on 7 July 2015 in Debt Recovery with 0 Comments
What is a Creditor’s Statutory Demand?

A Creditor’s Statutory Demand (CSD), as defined under section 459E of the Corporations Act 2001 (Cth) (“the Act”), can be a highly effective tool in the recovery of a debt against a company (“debtor”). What is required for a CSD? To issue a CSD, the following requirements must be satisfied: the total debt amount must […]

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