MONEY OWED TO YOU BY A COMPANY.
This topic will provide you with the law and the documents you need to wind up a company.
We give you the form used to make a section 289 Statutory Demand (formerly a 218 Notice).
We will also give you the forms and the procedure you need to use to wind a company up.
You should also look visit our specialist site entitled Debt Collection which starts off with a great deal of information and documents for collecting debts.
But Companies are in a different situation, particularly if the debt is undisputed and is just not being paid.
We provide you with the direct link to our other related topic :
Debt Collection
The COMPANIES ACT 1993 provides a quick procedure for ensuring payment, or at least of knowing if the payment is possible.
It can be used only if there is no dispute that the debt is owing.
It used to be called the 218 Notice but now that the Companies Act has changed it is called - A 289 Statutory Demand.
The beauty of this Notice is that if the Company does not pay the amount demanded within 15 working days then you can move to wind the Company up in the High Court.
If the debt is truly owing then rarely does a Company place itself at risk of being wound up. The Company usually pays-
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