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All You Need To Know About the Corporate Debt Collection Guidelines in Australia

To run a business successfully, it is essential to have a consistent cash flow. However, if your clients aren’t making their payments on time, this can harm your cash flow, which can ultimately have severe consequences for your business. There are many ways to tackle customers who do not respond to your invoices. The two most common ways to settle this debt is to deal with the debt internally or by outsourcing it to a third-party debt collection agency that will take care of it for you. read more...

Is Debt Collection A Taxable Service?

Outstanding debts are a huge problem for business owners. It interrupts their entire cash flow process, which can easily lead to financial hindrance if the situation gets out of control. If a business is struggling to collect their debt independently, then it might be time for them to just bite the bullet and hire a debt collector or a debt collection agency. These agencies will then take over the debt collection process for the business and are more likely to get a positive result when dealing with the debtor.' read more...

What Is The Outlook For Debt Collection Post JobKeeper?

With emergency measures such as JobKeeper and Jobseeker approaching their termination date, a spike in debt has increased the interest of corporate investors and the need for secure and empathetic online debt collection. Since the first Coronavirus lockdown, a combination of the Federal Government’s wage subsidy schemes, rent, and bank deferrals and a flexible Australian Tax Office has made debt collection a tall order in 2020. read more...

Why Is There An Impending Surge In The Demand For Debt Recovery Services? 

The Australian economy, like many others, has suffered hugely throughout 2020 as a result of the coronavirus pandemic. The national debt grew in March, as many businesses were forced to temporarily close, in order to align with government restrictions, set to ease the spread of the virus. We were not the only country to see this happen, and we were also not the only country that saw an impact on the economy because of it. read more...

When Should I Hire A Debt Collector?

The Most Common Reasons Stopping You from Hiring a Debt Collection Agency
Collecting outstanding debt is one of the most common problems that business owners face, and it is not an easy task. Debts can disrupt your cash flow, drain your time and sometimes drain your patience. read more...

How to Approach Debt Collection If A Company Becomes Insolvent

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 and they cannot pay you back. read more...