The Debt Behind the Demand: Insolvency Is Procedural, Debt Is Evidential

Sharon Giardina of Bennett & Philp shares that a company’s failure to set aside a statutory demand may establish a presumption of insolvency but does not prove the amount of the underlying debt, with careful forensic reconciliation capable of materially reducing disputed claims and supporting termination of a winding up without tying up substantial working capital.

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