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CreditorWatch Blog: Page 2

Creditors: 4 ways to defend a liquidator’s unfair preference claim

Creditors: 4 ways to defend a liquidator’s unfair preference claim

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” […]

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PPSR 7-Year Anniversary: Are you ready?

PPSR 7-Year Anniversary: Are you ready?

A huge volume of PPS registrations are due to automatically expire over the next 18 months – is your business ready? AFSA (being the government department responsible for the #PPSR) has recently released a set of statistics showing the number of registrations that will automatically lapse, if you don’t take positive steps to renew your registrations. I have modelled […]

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PPSR Series Part 3: Notable Case Studies

PPSR Series Part 3: Notable Case Studies

Understanding PPSR with case studies The Personal Properties Securities Act (PPSA) has a reputation of being a confusing topic, even for lawyers. It’s vital to ensure that registrations are completed with accurate information. However, that isn’t the only point to keep in mind. The notable case study examples listed below highlight some other points to […]

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PPSA Made Easy – Webinar Recap

PPSA Made Easy – Webinar Recap

Recap the most important points of our PPSA webinar Our recent webinar featuring Paul Mead (our CreditorWatch PPSR expert) and Terry Ledlin (Special Counsel of Ledlin Lawyers) was a great success and one of our most attended webinars ever. In case you missed it, the Personal Property Securities Act (2009) (PPSA) requires you to think […]

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

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

Answering one of the most common questions about PPSR 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 […]

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Stay ahead of costly phoenix activity

Stay ahead of costly phoenix activity

Prevent being affected by 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, […]

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PPSR Series Part 2: Decoding PPSA Terminology

PPSR Series Part 2: Decoding PPSA Terminology

Decipher the terminology of the Personal Properties Security Act The Personal Property Securities Act (PPSA) can be very confusing for lawyers and even more so for the average person. The PPSA is designed to allow personal property (not real estate, but goods, chattels and certain rights) to be used as security for a financial transaction. […]

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PPSR Series Part 1: The Lowdown on PPSR

PPSR Series Part 1: The Lowdown on PPSR

What is PPSR? CreditorWatch has recently launched its latest product – the ability to create and manage PPSR registrations. Did you know that PPSR is a vital component of doing business in Australia? The PPSR (Personal Property Securities Register) came into existence in 2012 as a result of the PPSA (Personal Property Securities Act 2009). […]

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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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