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CreditorWatch Blog

Insolvency

CreditorWatch Roundtable Recap

CreditorWatch Roundtable Recap

CreditorWatch recently held it’s 5th annual roundtables in Melbourne and Sydney. The roundtables are not in place to sell CreditorWatch, but rather to provide an opportunity for guests to connect, learn and have valuable discussions with industry colleagues and government representatives. The events began with an introduction from Colin Porter, Founder of CreditorWatch. Colin provided the […]

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How to Be a Debt Collector Without Straining Relationships

How to Be a Debt Collector Without Straining Relationships

Within the SME tangled web of suppliers and customers, there is a chance that some of the debtors will be family, friends or people who you have been working with for years. Most relationships are built on trust and therefore, businesses might be inclined to allow a debtor extra time to pay up if needed. […]

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Despite Seasonal Trends, Small Businesses Have Generally Improved

Despite Seasonal Trends, Small Businesses Have Generally Improved

CREDITORWATCH | 2 MIN READ The first Small Business Risk Review for 2018 presents positive outcomes to the start of the year with a large decline in unincorporated entities and court actions across some states. Despite this, it is not all rosy as payment defaults have increased.   Notable Findings In comparison to Q1 2017, New […]

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5 Benefits of Our Newest Product: Bankruptcy Plus

5 Benefits of Our Newest Product: Bankruptcy Plus

CREDITORWATCH | 3 MIN READ CreditorWatch has recently introduced a new product, Bankruptcy Plus, in light of customer feedback. Just how valuable is this new tool and is it worth adding on to your subscription?    Over two years in the making, Colin Porter, founder of CreditorWatch, has been lobbying Australian Financial Securities Authority (AFSA) to […]

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Fewer debtors taken to court in Q4 2017

Fewer debtors taken to court in Q4 2017

Fewer businesses were taken to court over outstanding debt during the final three months of 2017 compared with the same period a year earlier, according to CreditorWatch’s latest quarterly Small Business Risk Review.   Four states saw a decline in the number of court actions taken against debtors in quarter four; namely, Queensland (-9%), NSW (-16%), […]

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Insolvencies set to increase in Australia in 2017

Insolvencies set to increase in Australia in 2017

Australian businesses are set to experience an increase in insolvencies this year as a result of another difficult economic year, according to the recently-published Atradius Economic Outlook. The likely 2% increase in insolvencies puts Australia in step with the UK and Canada.  The improving trend in the business environment across Australia and other advanced economies is […]

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SME Cashflow Problems Are Bigger than You Think

SME Cashflow Problems Are Bigger than You Think

Recently the general lack of cashflow within SMEs in Australia was investigated by Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman, ASBFEO. She found that, contrary to what many might believe, the actual reason why small businesses are experiencing cashflow problems is due to slow payers, and those payers just happen to be […]

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Australian businesses must pay attention China’s economic slowdown

Australian businesses must pay attention China’s economic slowdown

China’s economic slowdown is forecast to trigger increased trade credit risk in Australia and the broader Asia Pacific region, according to new Atradius research*. The Atradius 2015 Payment Practices Barometer for the Asia Pacific region found that Australia and Indonesia, both of which are heavily dependent on commodity exports to China, were particularly susceptible to […]

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Knowing when to outsource your debt collections

Knowing when to outsource your debt collections

Is it time to outsource your debt collection? Growing debt levels, rising bankruptcy rates and positive industry reform stemming from revised debt collection guidelines issued last year have led many Australian businesses to seek professional help in recovering their customer debts. If you’ve never outsourced your business’ debt collections before, it can be daunting knowing […]

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