You can recover a debt (over $2000) owed to you by issuing the company with a statutory demand.
Simplified Liquidation Regime – Frequently Asked Questions
In this article, we answer some of the frequently asked questions relating to the Federal Government’s simplified liquidation process, including the cost of carrying out the liquidation.
Success Story: Settling a Mortgage Shortfall Debt with a Mortgage Insurer
When a property is sold and there is a mortgage shortfall, the bank claims on the insurance policy and the insurer then chases the borrower for the mortgage shortfall debt.
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