At a glance Learn why delaying debt payments triggers financial hardships. Understand how unresolved debts strain personal relationships and household…
Category: Debt Recovery
Inheriting Debt: How common is it in Australia?
At a glance Understanding Debt Inheritance: In Australia, you don’t inherit debt directly; the deceased’s estate is responsible. Types of…
Understanding The Process Of Recovering Commercial Debts
At a glance Commercial debts are of different types, including unpaid invoices, loans, contractual obligations, and trade credit. The recovery…
The Impact of Inadequate Debt Recovery on Your Business
At a glance Critical Cash Flow Impact: Inadequate debt recovery disrupts cash flow, hampering operations, investments, and commitments, casting a…
How to Handle a Situation Where a Valued Customer Experiences Bad Debt?
As a business owner or manager, you work hard to build strong customer relationships. A valued customer is someone who…
The Importance of Understanding the Debtor's Mindset Before Debt Collection
Debt collection can be a daunting task, and it’s crucial to understand the debtor’s mindset before proceeding. Understanding the psychology…