Knowledge Hub
Statutory Demands
A statutory demand is a formal warning of possible bankruptcy proceedings. It has to be taken seriously — but it's not itself bankruptcy.
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Guide3 min read
Responding to a statutory demand
You have 21 days to act. Ignoring a statutory demand can lead directly to a bankruptcy petition.
Read the full guideGuide3 min read
Setting aside a statutory demand
You have 18 days to apply to set aside a statutory demand — miss it and bankruptcy proceedings can follow.
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