Insolvency is the circumstance of being unable to pay the debts, by a company or person, on time. Insolvency becomes an issue when a creditor seeks to collect, and the debtor can’t pay what’s due. Just because a company has or is about to enter insolvency, it does not mean the company has lost everything […]
Continue readingPersonal And Business Debts Aren’t The Only Debt Troubling Australians
What is going on with government debt as states and territories report budget deficits? At the beginning of October, rating agency Standards & Poor’s released a report stating that the Reserve Bank of Australia may need to support the states and territories through the coronavirus recovery, by buying more of their debt.
Continue readingFive Tips For Managing Debtors Effectively
There is no doubt that debt collection and creditor management is a sensitive topic. However, the reality is that unless your business relies entirely on being paid before goods or services are provided, there is a very high likelihood that at some stage you will have revenue owed in the form of debts that have […]
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