The Business of Debtors

The Business of Debtors

We have all at one time or another found ourselves in a position where debtors owe us money, more often than not they settle the debt without issue. Unfortunately some debtors will refuse to pay. However, all is not lost, below are a couple of ways to lessen the...
Debt Collection 101

Debt Collection 101

As debt collectors we often deal with debtors who are new to the debt collection process and don’t understand the process or what to do going forward. So, if due to an unforeseen circumstance you have fallen behind on paying your loans, credit cards maybe even your...
COVID-19 and what it means for Debt Collection

COVID-19 and what it means for Debt Collection

In these unsettling times of COVID-19 (coronavirus) Australia’s Federal Government, in a bid to alleviate the financial stresses placed on small to medium businesses, have made amendments to insolvency and corporation laws. These amendments will mean changes to debt...
When is a debt written off in Australia?

When is a debt written off in Australia?

When is a debt written off in Australia? Outstanding debts by clients or customers can be wiped clean leaving the business owner out of pocket and frustrated. A debt is like most legal matters and is subjected to a states or territories statute of limitations, where...
Debt collection – how does it work?

Debt collection – how does it work?

The collection of debts is often done through debt-collection agencies, solicitors or independent debt-collectors, debts that are referred for debt collection are at least 60 days past the due date. Agencies on behalf of their clients seek to collect these debts then...