I served a debtor a statutory demand against an individual, but she refused to respond. Is it better to issue bankruptcy proceedings or just go for a normal money claim? I’m kinda stuck on what the best option is now. Any advice would be helpful!
If she’s not responding to a statutory demand, bankruptcy might be a more direct way to force her hand. It can be a better option if you think she has assets to go after.
Zem said:
If she’s not responding to a statutory demand, bankruptcy might be a more direct way to force her hand. It can be a better option if you think she has assets to go after.
Yeah, that makes sense. Bankruptcy puts more pressure on the debtor. But do you think it’s worth it if the debtor doesn’t have anything to seize?
@Rory
Good point. If there’s nothing to take, money claims might be a bit less hassle, even if it takes longer.