jurisdiction of lower courts, page-2

Hitman - debt in a commercial settings is where both parties exchange "Concideration" (value)-usually one in money and the other in goods/services. That type of debt would be recoverable in courts.

The declaration of the dividend is not a debt in true sense. Once the payable date has passed the auditors and ASX will of course want to see the company recognise it as a true and payable liability, and it will appear in the company's accounts, eventually paid. But its unsecured so if the company........no I am not going there.

Stand back and think about it -You should be happy this action allows the company to continue