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CreditorWatch Blog

Managing your money through managing your debtors

About Stipe Vuleta

Stipe Vuleta is a Director at Chamberlains (www.chamberlains.com.au) specialising in insolvency, reconstruction and debt recovery. He is an author in the Bankruptcy and Insolvency space, an Associate Adjunct Professor of the University of Canberra and a Professional member of ARITA and the Law Council of Australia’s Insolvency & Reconstruction Committee.

Debunking common misconceptions about bankruptcy

Debunking common misconceptions about bankruptcy

Personal insolvency is a growing market with more and more people declaring bankruptcy or entering into other personal insolvency arrangements to address credit issues arising out of consumer credit, business related debt or over leveraging problems, amongst other things. In this post, we seek to address some common misconceptions about bankruptcy, in order to empower […]

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Recent surge in ATO wind ups – Directors failing to consider the utility of Voluntary Administration

Recent surge in ATO wind ups – Directors failing to consider the utility of Voluntary Administration

Despite the recent tax amnesties granted to wealthy individuals with monies in offshore tax havens the Australian Tax Office has been militant in its recent debt recovery efforts against SMEs. The importance of efficient credit management has again been brought to the forefront as smaller operators who have essentially been using the ATO as a […]

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Personal Insolvency: Ending Bankruptcy Early

Personal Insolvency: Ending Bankruptcy Early

Not all bankruptcies have to run their ordinary course, in fact it is possible to end a bankruptcy earlier than expected.  Bankrupts may make an offer to settle their bankruptcy through a composition or scheme of arrangement under section 73 of the Bankruptcy Act 1966 (Cth).  The bankrupt can send a written proposal of the […]

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Amendments to the Building and Construction Industry Security of Payments Act 1999 (NSW)

Amendments to the Building and Construction Industry Security of Payments Act 1999 (NSW)

Despite its ubiquity over the past 15 years the Building and Construction Industry Security of Payments Act 1999 (NSW) (“the Act”) has recently been amended by the New South Wales government in response to the Collins Inquiry. The amendments came into force on 21 April 2014 and are aimed at: 1. Streamlining cash flow in […]

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