From 1 September 2020, a new law came into effect which changes the way statutory demands will work in practice.
This new change will have a significant impact on the way in which creditors act strategically when collecting debts from debtor companies.
In this video Brent Norling of Norling law discusses how the law has changed and the importance of appointing your own liquidator so you can get the best outcome as a business owner.
If you are involved in debt, either as a creditor or a debtor, take note of this change and act strategically in response to the change. Knowledge of this change will ensure you don’t miss new strict statutory timeframes.