A CSD is a technical letter of demand, issued under Section 459E of the Corporations Act 2001 (Cth). It may be issued against a company in circumstances where the issuing creditor believes that there is no dispute in relation to the debt owed to it by the debtor company.
Posts by Kirsten Woolston
How to Wind Up a Company
A creditor of a company can make an application to the court for orders winding up the company if it is insolvent. The most common basis for such an application is that the company has failed to comply with a Creditor’s Statutory Demand
Action Required if you receive a Creditor’s Statutory Demand (“CSD”)
It is essential that you act immediately if you receive a Creditor’s Statutory Demand. DO NOT delay in seeking legal advice because the 21 day time limit is strict and…
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