---
title: "Decide whether the debt can support a Companies Act statutory demand"
url: "https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/decide-whether-the-debt-can-support-a-creditor-s-statutory-demand/new-zealand"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A8-SD-1-NZ"
practice_area: "Insolvency, Restructuring & Bankruptcy"
tier: "red"
lawyer_review: "required"
jurisdictions: ["NZ"]
last_reviewed: "2026-09-23"
---

# Decide whether the debt can support a Companies Act statutory demand

> Extract the debt, contract, invoices and any dispute from the file.

Canonical page: https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/decide-whether-the-debt-can-support-a-creditor-s-statutory-demand/new-zealand  
Last reviewed: 2026-09-23

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Insolvency, Restructuring & Bankruptcy](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy.md) |
| Human involvement | Red: Lawyer writes; AI may check, clarify or collect data |
| How AI is used | Extract the debt, contract, invoices and any dispute from the file. |
| What the lawyer must review | Use the Companies Act 1993 and High Court Rules Do not use Form 509H or the 21-day s 459G period Confirm the current demand form and setting-aside period in the Act |
| Written for | New Zealand |
| Applies to | [Decide whether the debt can support a creditor’s statutory demand](https://ailawframework.com/practice/insolvency-restructuring-and-bankruptcy/decide-whether-the-debt-can-support-a-creditor-s-statutory-demand.md) |

## Checking plan

- What the AI does: Extract the debt, contract, invoices and any dispute from the file.
- Basis: Checked against the linked sources on 23 September 2026. Confirm the current instrument before reliance.

## Notes

- Differs from Australia: the demand is under the Companies Act, not a s 459E demand.
- Personal insolvency is the Insolvency Act 2006, not the Bankruptcy Act 1966.

## Sources

- [Companies Act 1993](https://www.legislation.govt.nz/act/public/1993/105/en/latest/) (checked 2026-09-23)
- [High Court Rules 2016](https://www.legislation.govt.nz/regulation/public/2016/0225/104.0/whole.html) (checked 2026-09-23)
- [Insolvency Act 2006](https://www.legislation.govt.nz/act/public/2006/55/en/latest/) (checked 2026-09-23)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*