Funding Solutions
Finance to Respond to an IRD Statutory Demand
When there's a fixed legal deadline and liquidation is the alternative
A statutory demand gives you 15 working days to pay the debt or reach an arrangement, or the company is presumed unable to pay its debts and liquidation can follow. Flexy lends against the equity a company or trust already holds in a property to clear the debt within that window, so the deadline doesn't force liquidation when the funds are otherwise available.
Up to $150,000
Offers within 24 hours
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How Flexy helps
We lend against the equity you already hold as a company or trust in a property, without disturbing your existing bank mortgage. Because we assess your equity directly, rather than requiring a full bank application, we can usually move at the pace a statutory deadline requires.
Your repayment plan is confirmed as part of the application, based on your situation and how the debt is ultimately to be repaid.
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Which Flexy loan is right for you?
Both loans release the equity in your property. The difference is how you repay. Pick the one that matches your cash flow and your exit.
Product
2-Year P&I Equity Release
Borrow up to $50,000 against your property equity and repay it steadily through regular principal and interest payments over up to 24 months. Your balance reduces with every repayment and your bank loan stays in place.
Eligibility criteria: You will need sufficient cash flow to support regular repayments to qualify.
Term: Up to 24 months
Repayments: Principal and interest
Principal: Repaid progressively
Product
Short-Term Equity Release
Borrow up to $150,000 against your property equity for 3 to 12 months, with interest-only repayments and the principal repaid as a lump sum at the end. Your bank loan stays in place, no refinancing required.
Eligibility criteria: You will need a suitable lump-sum repayment plan is required to qualify
Term: 3-12 months
Repayments: Interest only
Principal: Repaid at end of term
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How this works: clearing a statutory demand within the deadline
The situation
A company received a statutory demand from IRD and had limited time to pay or reach an arrangement before risking liquidation. The company held equity in a property, but couldn't access it through a bank in time.
What we did
Funds against the equity in the property to clear the debt within the statutory deadline.
The outcome
The debt is cleared, the statutory demand is satisfied, and the liquidation risk is resolved.
How Flexy lending works
01
Apply online in minutes
Provide your property address, the amount you need, the purpose of the funds and your repayment plan.
02
Fast assessment
Flexy reviews your available equity, LVR and ability to service the loan. Once we have a complete application, we aim to issue a loan offer within 24 hours.
03
Receive your funds
Accept the offer, complete the remaining requirements through your online portal, and Flexy arranges settlement. Caveat loans can fund within days. Repeat clients can be funded same day.
Related purposes
Read about the other purposes Flexy can fund, and find the right option for your situation. Flexy offers two pathways, depending on your exit strategy: a short-term loan with a lump-sum repayment, or a 2-year option you repay gradually as you go.
Instant estimate
How much can I borrow?
See what your property equity could unlock. Enter a few details for a free, instant estimate, with no obligation and no effect on your existing bank mortgage. It takes about a minute.
Flexy is a direct lender, so you deal with the decision-makers directly. Your existing bank loan stays in place, no refinancing required. No tax returns or profit and loss statements to gather, and loan offers are issued within 24 hours of a complete application.
Frequently asked questions
How long do I have to respond to a statutory demand?
Can Flexy fund the amount owed before the deadline?
Should I get legal advice before applying?
Does my bank need to know about this loan?
What if the deadline has already passed?
Prefer to talk it through?
Call 021 294 8742 or email hello@flexy.co.nz
Lending is subject to approval. Loans are available to New Zealand companies and trusts for business or investment purposes only. Interest rates, fees and lending criteria may change without notice. Flexy Limited, FSP1006845. Terms and conditions apply.
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Is this your situation?
You've received a statutory demand from IRD and the clock is running
You have equity in a property, but the funds aren't accessible in time through a bank
You don't dispute the debt, you need the funds to clear it before the deadline
You've already sought legal advice and understand your options and timeframe
You'd rather not touch your existing bank mortgage to get there
If any of these sound familiar, we can usually give you an answer within 24 hours.
What situations we help with
