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  • Form 7 Affidavit Accompanying Statutory Demand

Get Form 7 Affidavit Accompanying Statutory Demand

Form 7 Affidavit accompanying statutory demand Court Procedures Rules 2006 (see sch 6 r 5.2 (Affidavit accompanying statutory demand (Corporations Act, s 459E (3)))) (name(s)) Creditor(s) (name(s)).

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How to fill out the Form 7 affidavit accompanying statutory demand online

Filling out the Form 7 affidavit accompanying a statutory demand can be a straightforward process when approached step by step. This guide is designed to provide clear and detailed instructions to help users complete the form effectively online.

Follow the steps to complete your affidavit with ease.

  1. Press the ‘Get Form’ button to access the affidavit document and open it in your preferred online document editor.
  2. Begin by entering the names of the creditor(s) in the designated field at the top of the form.
  3. In the next section, specify the name of the debtor company and the amount owed, providing clarity on whether it is a single debt or multiple debts.
  4. State your relationship to the creditor(s) clearly, such as whether you are a creditor yourself, one of the creditors, or a director of the creditor.
  5. If you are not the creditor, explain your authority to make the affidavit by including a statement that you are authorized by the creditor(s) to do so.
  6. Detail the source of your knowledge regarding the debts. For instance, mention if you have conducted business dealings with the debtor or have reviewed the creditor's records.
  7. Confirm that the debt or total debts mentioned in the affidavit are due and payable by the debtor company.
  8. Affirm your belief that there is no genuine dispute about the existence or amount of the debt(s).
  9. Complete the place of swearing or affirmation and the date on which the affidavit is made. Also, include your signature.
  10. Ensure that a qualified individual signs off on the affidavit, confirming that they witnessed your affirmation or swearing.

Start completing your affidavit online today for a smooth filing process.

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A statutory demand is a kind of written warning from a creditor. It will state that if you don't pay your debt or come to another arrangement that's acceptable to the creditor, they may start court proceedings to make you bankrupt.

To recover a debt that is owing by a company, a creditor has the option to issue a statutory demand under s. 459E of the Corporations Act 2001 (Cth) (Act), demanding that the debt be paid within 21 days of service of the statutory demand on the company.

A form 509h creditors statutory demand for payment of a debt is a written demand for payment served by a creditor on a company. Non-compliance by a company with a demand is the most common way to prove insolvency of a company and is a ground for winding up in insolvency.

2.1 A Statutory Demand is a creditor's formal, written request requiring a company to pay a debt within the statutory period (currently 21 days).

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