CREDIT NEWS & VIEWS

June 2020 Newsletter

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.

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Personal Guarantees Gone Wrong

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.

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May 2020 Newsletter

This month’s newsletter features a piece on “Personal Guarantees Gone Wrong” written by Karl Hill. There is also an article discussing the sharp fall in the number of building industry insolvencies in April.

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BICB Partners with AMPAC Debt Recovery

BICB and AMPAC Debt Recovery recently meet to discuss the benefits of working more closely together to build greater awareness of each other’s services throughout the building and construction supply sector. This is timely, as the broader Australian economy has been impacted on several fronts recently by drought, bushfires and now COVID-19. It is expected

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You can be too smart for your own good

The preferential payment provisions of the Corporations Act 2001 are one of the most powerful weapons in a liquidator’s armory. As many would be aware, creditors have many defences available but the most often successfully employed is the continuing business relationship or running account defence contained in Section 588FA(3) of the Corporations Act. Recently, we had a

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BICB Partners with Alares to Provide Access to Party Searches and Monitoring for most Australian Courts

Court action is a leading indicator of financial stress and future default. Alares Party Search provides real-time information on court actions across Australia. Alares Watchlist provides instant alerts for any court actions that occur involving businesses you are monitoring. From mid-May 2019 BICB members will have access to the Alares Party Search and Monitoring platform

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