selling company assets

  • Disputed debt

    What is the difference between disputed debt and good debt in a statutory demand?

    Disputed debt in a statutory demand is when a creditor attempts to claim debt that the debtor claims is not owed to them, therefore they are not insolvent.

    A good petitioning debt is when the debt is in a liquidated form - which is both specific and agreed - for immediate or future payment whilst the debtor cannot afford to pay the debt.

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