There has been a lot of talk recently about Phoenix Companies and what this actually is. Phoenixing is when a new company is set up using the proceeds from assets and cash of a previous company that was liquidated. These proceeds should be used to pay out creditors, employee entitlements, and the ATO. However, this
Some of the team at Slater Byrne paid a visit to the Salvation Army Headquarters in Surry Hills in June to volunteer for the day. We took part in their Street Level initiative, preparing and cooking meals for those who have fallen on tougher times. This took place at their inner city site where many
Thanks to our decades of experience in the credit and insolvency industry, Slater Byrne Recoveries has been exposed to the many misconceptions people have over debt collectors. We’ve had countless clients who were initially sceptical about hiring us because of fear that doing so might negatively affect their relationships with customers. The stigma attached to
SV Partners recently published their latest economic and insolvency analysis of businesses in Australia. The report produced a list of industries that are predicted to face financial difficulties within the next 12 months. Image source: SV Partners Resource Center As shown in the image above, the top five industries that are at risk of default
Having a detailed and well-documented process for collecting overdue payments is essential to the success of any business. Otherwise, you can quickly lose control of your accounts receivables and may end up with a major cash flow problem. However, a couple of factors prevent business owners from actually establishing a proper process for debt collection.
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