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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%), Western Australia (-16%) and Victoria (-34%).  This was accompanied by a significant decrease in the value payment defaults across Australia (-70%) as well as a modest reduction in the number of cancelled unincorporated entities (-8%).

 

Although the value of court judgments declined in NSW (-7%), Western Australia (-16%) and Victoria (-34%), they rose significantly in Queensland (28%), indicating an increase in the number of large cases being tried against debtors. Court judgment amounts also rose significantly in South Australia (23%), where court actions remained at the same level as in quarter four of 2016.

 

For more information, please:

Download our Small Business Risk Review infographic

Watch our recent webinar on the Review, delivered by our Founder and CEO Colin Porter