Rule 7.3 Statutory Demand (Compulsory Liquidation Case Study)

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A statutory demand is a legal document that a creditor can use to petition a company for insolvency.

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Communication with creditor

Debt details

Demander must complete

Insolvency rules

<ul><li>The document should include a description of the company's financial situation and the reasons for the creditor's petition</li><li>It should explain the process of issuing a statutory demand and the consequences of non-payment</li><li>It should detail the options available to the company if it receives a statutory demand</li></ul>

Rule 7.3 Statutory Demand (Compulsory Liquidation Case Study)

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