Statement of Claim

What is a Statement of Claim?

A statement of claim is a legal form served by a creditor to a company stating that outstanding monies are owed by the company.

There is strictly 28 days to deal with the Statement of Claim. If the Statement of Claim has not been dealt with within the specified timeframe the creditor may apply to Court for a Judgement to be entered against you.

What should you do if you receive a Statement of Claim?

It is important that action is taken immediately upon receipt of a Statement of Claim. The following are options that directors may take within the 28 days timeframe:

  • Negotiate the debt with the creditor;
  • Pay the debt claimed by the creditor if the company is solvent;
  • Admit or defend the claim through court; or
  • Call us immediately on (02) 9231 0505 to provide you with FREE advice and assist you with your options