I am often asked to advise both creditors and debtors on statutory demands, and so in this article, I briefly comment on some of the more fundamental issues for creditors and debtors to be aware of.  A “statutory demand” is…

When a company goes into liquidation, a liquidator has the power, in certain circumstances, to require a creditor who has received a payment from the company to pay that money back.  These are known as “insolvent transactions”, and while it…