Reading Time: 4 minutes The term ‘zombie company’ has been around since the late ’80s when the Japanese economy collapsed, and banks propped up many large corporations that would have otherwise failed. It has come to refer to any business that is so debt laden that it is only able to pay the interest on its loans, not the […]
Reading Time: 4 minutes CreditorWatch's Caroline Smith and Dominic D'Andrea offer businesses practical advice and tips on how to spot illegal phoenixing and prevent dodgy directors affecting their cash flow.
Reading Time: 6 minutes The Modernising Business Registers (MBR) program can help stop fraudulent and phoenix activity in the Australian economy. This blog post covers the introduction of Director Identification Numbers (DINs) and the benefits of the new legislation.
Reading Time: 2 minutes Would you like to know when a customer has a significant tax debt with the ATO? A government proposal to allow the ATO to share information about business tax debt to credit bureaus like CreditorWatch was re-introduced to parliament this week. The legislation would improve the ATO’s ability to address the $10 billion small business […]