Blog

A collection of news and insights about our firm and developments in the law, finance and insolvency industries

  • Why printers should use the PPSR

    ProPrint Article – Why printers should use the PPSR

    We just had an article published in the Printer Industry Journal ‘ProPrint’ about why printers should use the Personal Property Securities Register (PPSR). The print industry is hyper-competitive and credit risk can become a bit like a game of Texas Hold’Em poker with B2B debt recovery and SME insolvency issues […]

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  • Phoenix company

    What is phoenix activity?

    Phoenix company activity occurs when a ‘new’ business rises from the ashes of a debt burdened business, leaving creditors stranded. The directors will abandon a company without properly winding it up and transfer the assets of that company to a new company (usually with a similar name) to evade paying liabilities. It is estimated that […]

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  • pmsi

    Using the PPSR to Defend Unfair Preference Claims

    Why do Credit Managers worry about unfair preference claims? The fact is that unfair preference laws penalise the best Credit Managers. The faster and more effective Credit Managers get the best results and they outshine pedestrian Credit Managers. Being preferred to other creditors […]

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  • Genuine Steps Statement

    Lawyers behaving badly and the Genuine Steps Statement

    Case reference: Superior IP International Pty Ltd v Ahearn Fox Patent and Trade Mark Attorneys (No 2) [2012] FCA 977 The case involved a drawn-out legal costs dispute that was prosecuted by a patent lawyer issuing a creditor’s statutory demand for payment. […]

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  • fixed floating charges

    Fixed and Floating Charges: the Royal Flush

    When is it possible and commercial to obtain an effective fixed and floating charge over the assets and undertaking of a company debtor? Scenario: You are the Credit Manager of a key supplier of ABC Manufacturing Pty Ltd (ABC). It has been a close relationship over a number of years and your […]

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