Download our latest data on external administrations, payment defaults and payment times in August's Small Business Risk Review - now with insights from CreditorWatch Chief economist Harley Dale.
These are the most common questions we've been asked by creditors during the COVID-19 pandemic. Get up to speed on your rights as a creditor, insolvency laws, court actions and how to protect your business during this time.
Compliance with the PPSA is important The PPSA was introduced to ‘level the playing field’ between unsecured and secured creditors on the insolvency of a customer. By far the greatest benefit of the PPSA is its ability to create security in the goods you sell. The PPSA now allows you to truly retain the title […]
What is an Unfair Preference? Essentially, an unfair preference is when a creditor, within the six months before a company goes into administration or liquidation, receives payment(s) from that company that is more than they would receive if the payment(s) hadn’t occurred and they proved for their full debt in the liquidation. The “unfair preference” […]