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...