The legal basis of statutory demands is relatively straightforward — the demand, after valid service, gives the debtor 21 days formal warning of intention to commence bankruptcy or winding up proceedings. (darlingtons.com)
We also advise upon the option of serving statutory demands and the commencement of bankruptcy or winding up proceedings in appropriate cases. (hcrlaw.com)
Recent experience in this area includes unfair prejudice petitions, claims for wrongful and fraudulent trading, applications to set aside statutory demands, validation orders and relating to void transactions. (elyplace.com)