Don't let a debtor break your heart. In this guest post from Ledlin Lawyers, you'll learn the five signs that will help you stay ahead of bad debt and ensure you get paid.
Compliance with the PPSA is important The PPSA was introduced to ‘level the playing field’ between unsecured and secured creditors on the insolvency of a customer. By far the greatest benefit of the PPSA is its ability to create security in the goods you sell. The PPSA now allows you to truly retain the title […]
What is an Unfair Preference? Essentially, an unfair preference is when a creditor, within the six months before a company goes into administration or liquidation, receives payment(s) from that company that is more than they would receive if the payment(s) hadn’t occurred and they proved for their full debt in the liquidation. The “unfair preference” […]
Recap what was covered in Part 3 of our webinar series If you weren’t able to join our Part 3 webinar series: PPSRLogic: Create, Manage, Renew, here is a summary of the main points we covered. We’ve previously looked at why you need to register and how to register on the PPSR, but now we’re […]
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 […]