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CreditorWatch Blog

A Positive Third Quarter for Australian Small Businesses

A Positive Third Quarter for Australian Small Businesses

CreditorWatch’s Small Business Risk Review for Quarter 3, 2018, shows an improvement in conditions for the majority of Australia in comparison to Quarter 3, 2017. Download our infographic Court actions and dollar amounts have decreased from last year’s third quarter for all states except Victoria. Western Australia has seen its court actions and judgements decrease […]

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Common Insolvency Terms Explained

Common Insolvency Terms Explained

Receivership, administration, debt agreement, liquidation, bankruptcy and insolvency. These all mean the same thing, don’t they? Kind of. Unless you work in the insolvency industry it can be easy to confuse these terms. This article aims to explain each term so if you ever come across it you know what it means. Insolvency Insolvency describes […]

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PMSI’s and trust companies, to ABN or to ACN?

PMSI’s and trust companies, to ABN or to ACN?

The introduction of the Personal Property Securities Register (PPSR) was meant to make life easier for secured creditors, credit managers, trading creditors and other stakeholders. But as many in the industry can attest too, this is rarely the case. At the recent presentations I gave at the CreditorWatch roundtable luncheons in Sydney and Melbourne, many […]

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Stay ahead of costly phoenix activity

Stay ahead of costly phoenix activity

The federal government has recently introduced a “new” hotline for anyone to report businesses that they believe are undertaking phoenix activity. This comes as a 2018 report from PricewaterhouseCoopers, funded by the government, revealed that the estimated annual cost of phoenix activity was now $5.13 billion dollars. In 2012, the annual cost was between $1.8 […]

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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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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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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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Recent surge in ATO wind ups – Directors failing to consider the utility of Voluntary Administration

Recent surge in ATO wind ups – Directors failing to consider the utility of Voluntary Administration

Despite the recent tax amnesties granted to wealthy individuals with monies in offshore tax havens the Australian Tax Office has been militant in its recent debt recovery efforts against SMEs. The importance of efficient credit management has again been brought to the forefront as smaller operators who have essentially been using the ATO as a […]

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