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Has your company  received a Statutory Demand?....

If so... the situation is already urgent - here's why:

A statutory demand is a formal legal demand issued by a creditor under the Corporations Act 2001 (Cth) for payment of a debt owed by your company. 
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From the date the statutory demand is served, your company only has 21 days to one of the following three things:
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  • pay the demanded amount;
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  • reach an agreement with the creditor (to the creditor's satisfaction) about the payment of the full amount of the debt ; or 
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  • apply to a relevant court to have the statutory demand set aside. 
 
If you don't take one of the 3 steps above within the 21-day period, your company is presumed (at law) to be insolvent and it is then open to the creditor who issued the statutory demand to apply to the court to wind up your company (by a liquidator appointed by the court). 
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The Court’s appointment of a liquidator is not only fatal to the company, but can often also carry serious personal consequences for the Company’s director/s and their personal assets.

Here is what you need to do:

CALL US FOR AN OBLIGATION FREE INITIAL 20 MIN ASSESSMENT
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If you are served with a statutory demand you should call us before the expiry of the 21 day period from the date of  service.
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There may be grounds upon which, you may have the statutory demand set aside by the court (i.e. if there is a genuine dispute about the amount demanded, or if you have an offsetting claim against the creditor, or if there is a defect in the statutory demand).
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We will advise you on the next steps to be taken including (but not limited to):
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  • Your prospects of successfully having the demand set aside in court (including our fixed fee for representation).
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  • The prospects of negotiating a settlement with the creditor.
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