Home > FAQ > Business Law FAQ'S > What happens if a statutory demand is granted?

A statutory demand cannot be granted. A creditor (person or company who says they are owed monies) can use a statutory demand as the first step in the insolvency process leading to bankruptcy in the case of an individual, or winding up in the case of a company.

Back to previous content
What happens if court hearings are scheduled at an inconvenient time? Can it be changed? Read More
How will a judgment be enforced against me, or how do I enforce a judgment in my favour? Read More