Our JV partner Alares continues to develop new features based on member feedback. They are excited to introduce their latest feature, the Insolvency Risk Factor (IRF). What is the Insolvency Risk Factor? The IRF is the culmination of a major data analytics programme where we analysed our court data against 10,000’s recent corporate insolvencies to
CREDIT NEWS & VIEWS
This month’s newsletter features a press release from the HIA discussing that population growth and access to housing finance will be key to Victoria’s economic recovery. There is also a lead article discussing possible implications of the temporary protections for financially distressed businesses . Click the “Toggle Full Screen” icon in the control panel below
Extension to Temporary Protections for Financially Distressed Businesses – Is this just delaying the pain?
As anticipated the Federal Treasury announced on the 7th of September, that the temporary protections for financially distressed businesses will be extended beyond the initial six month period to 31 December 2020. Since the introduction of these measures in April 2020, the number of construction industry related insolvencies have decreased by 65%. This is an
This month’s newsletter features a piece on “The ‘false comfort’ of extended temporary insolvency law measures and the need for deeper structural reform” written by Scott Atkins and Kai Luck. There is also an article explaining the close working relationship that BICB has developed with AMPAC Debt Recovery to build greater awareness of each other’s
This month’s newsletter features a piece on “HIA forecasts new home building to fall in half” written by Business News Australia. There is also an article explaining the close working relationship that BICB has developed with AMPAC Debt Recovery to build greater awareness of each other’s services throughout the the building and construction supply sector.
A well-executed personal guarantee can be the holy grail of debt recovery tools, but one overlooked detail can bring the whole thing to its knees. It is surprising the number of clients relying on guarantees that are either ineffectively drafted or have been inadvertently discharged by the actions of the client.