Serving a statutory demand is one of the most effective tools for creditors to enforce payment of clear, undisputed debts. However, once served, a precise legal clock begins ticking — and any failure to act properly can weaken a creditor’s position and waste time and money. Creditors, solicitors and debt recovery professionals must understand exactly what happens next, how debtors can respond, and how to escalate correctly to bankruptcy or winding-up proceedings if the debtor

Introduction In the realm of debt recovery, a statutory demand is one of the most potent tools available to creditors — but it only works...

For creditors, an N39 Order is a powerful enforcement mechanism that can help identify avenues for debt recovery.

Do you know what a statutory demand is and how it can help you recover your debt? ​ Or have you received a Statutory Demand and are...

Winding-Up Petition A winding-up petition (WUP) allows a creditor to initiate the court process for the liquidation of a company if it...