Reading Time: 2 minutes New laws give liquidators expanded powers to claw back funds. By Nathaniel Kitingan, Managing Principal Lawyer – Melbourne and Tim Puget – Associate at Macpherson Kelley. Anti-phoenix laws were introduced in 2020, however, it wasn’t until early May that a judgment enforced these laws in Court, setting out clear precedent for future cases. In the case […]
Reading Time: 6 minutes In our latest episode, we present the January Business Risk Index results and analysis. CreditorWatch CEO Patrick Coghlan and index creator James O’Donnell from Open Analytics discuss the key insights. Key Business Risk Index insights for March: Trade receivables and credit enquiries up, indicating the economy many have reached a turning point for trade activity. […]
Reading Time: 5 minutes The Foreign Investment Review Board (FIRB) has been criticised in several quarters for helping to trigger last month’s collapse of Probuild through its refusal to approve a $300 million takeover of the company by state-owned China State Construction Engineering Corp on national security grounds. But would this takeover have actually saved Probuild? Not likely, according […]
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: 3 minutes What does the end of JobKeeper on March 28 mean for businesses? Economist Harley Dale discusses on the CreditorWatch blog.
Reading Time: 3 minutes Temporary restructuring relief is available to eligible companies until 31 March 2021. Find out what this means for both creditors and insolvent businesses.
Reading Time: 4 minutes Get the latest industry stats from the CreditorWatch Business Risk Review and expert insights from CEO Patrick Coghlan and Economist Harley Dale.
Reading Time: 4 minutes 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.
Reading Time: 4 minutes Are there finally some green shoots appearing in the economy? CreditorWatch CEO Patrick Coghlan is wary, even as payment defaults fall by 13 percent in July 2020.
Reading Time: 3 minutes Are you at risk of being caught in a preference payment trap? In this article, Insolve discusses how to avoid the dangers of preference payments and the importance of securing yourself as a creditor.