Understand where you stand as a creditor chasing payment, or as a business facing recovery action. Our guides cover statutory demands, winding up applications, garnishee orders and the order in which creditors are paid.
01
Recovering a Debt?
The formal steps available to a creditor, from a statutory demand through to an application to wind up the debtor company.
02
Facing Recovery Action
What a statutory demand, garnishee order or default notice actually means, and how long you have to respond before it escalates.
03
Where You Rank
Secured and unsecured creditors are paid in a set order, and some payments made before an insolvency can be clawed back.
A statutory demand is a formal legal notice requiring a debtor company to pay an outstanding debt of at least…
The way secured and unsecured creditors are treated can substantially affect your business’s financial health during tough times. Secured creditors…
A garnishee order for debts is a court order that enables a creditor to recover a judgment debt from a third party,…
Let’s be frank: debt collectors can definitely take you to court. After receiving a claim for unpaid debt in Australia,…
Liquidators are responsible for looking after the interests of a company’s creditors. In most cases, Liquidators aim to provide the…
You miss a couple of bills, thinking you’ll catch up next month. Then a letter arrives warning that your credit…
Did you know your business might have to return payments if the paying company goes into liquidation? Many Australian business…
Receiving a Notice of Application for Winding Up Order starts a vital 21-day countdown that could determine your company’s future. …
Our expert team acts for creditors pursuing unpaid debts, and for businesses responding to recovery action.
Where debts remain unpaid, a creditor can apply to the Court to wind up a company. SV Partners can act as the Court-appointed liquidator.
For a business facing recovery action, administration gives breathing space to deal with creditors in an orderly way and prepare a proposal.
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