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Statutory Demand

Can You Appoint a Voluntary Administrator After a Statutory Demand or Winding-up Application?

Insolvency, Statutory Demand, Voluntary Administration

Yes, a company can often appoint a voluntary administrator after receiving a statutory demand or winding-up application — but timing is critical. Voluntary administration may temporarily pause creditor action and create restructuring opportunities, although delays can...

Statutory Demand vs Director Penalty Notices

Director Penalty Notices, Statutory Demand

A Statutory Demand is issued by a creditor to recover unpaid company debts and may lead to liquidation if ignored, while a Director Penalty Notice (DPN) is issued by the ATO for unpaid tax obligations and can make directors personally liable for certain company tax...