Liquidators frequently send demand letters. Some are meritorious demands. Others are no more than a ‘shakedown’ to get recipients to pay.

Knowing the difference is crucial to determining the appropriate strategy in response.

In this video, Brent Norling from Norling Law discusses the difference between the various letters you could receive from a liquidator and what you should do if you receive one of these letters.

Knowing the difference between what the liquidator is asking you to do is imperative in figuring out if you are obligated to go through with the payment.

If you find yourself in this situation, we offer a FREE 30-minute legal consult. Get in touch if you need help:

You may also like

Who Pays the Insolvency Practitioner?
So an insolvency practitioner has been appointed. So who pays his bills? The creditors? The person who appointed? The shareholders? Or? In this video Brent Norling gives a quick rundown of who is required to pay the practitioner’s [...]
How Funds Are Distributed in a Liquidation
If you find yourself in the unfortunate position of being owed money from a company in liquidation, then this video is for you. When a company is liquidated there is a priority regime that must be followed when it comes to [...]
Collecting Company Debts: The Squeaky Wheel Strategy
If you are owed money from a debtor company, there are two reasons why you should consider initiating liquidation proceedings. However, commencement of liquidation proceedings is a great strategy to obtain payment from a debtor [...]
12317

Page 1 of 17