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Is the equipment securing a letter of credit unencumbered? Is the car you are buying owned by the seller? If you are someone in the business of buying, selling, financing, or leasing personal property in Australia, understanding the Personal Property Securities Register (PPSR) https://www.ppsr.gov.au/ can help you protect your assets
It has been reported that small and medium enterprises are among the top drivers of Australia’s economy, contributing around 57 percent of the country’s GDP and employing roughly 7 million people. However, these impressive numbers only speak of the SMEs that are lucky enough to survive past the first few years operation.
In a perfect world, businesses would provide a product or service and get full payment immediately. Unfortunately, things aren’t so straightforward in the real world. Most of the time, you’d need to extend credit to your customers or risk losing a huge chunk of business. However, if you fail to
Debt recovery is a multi-stage process that involves subtle to more forceful actions. A letter of demand is an act of last resort in the debt recovery process. It becomes necessary when your repeated attempts to recover unpaid debts have failed. You use a letter of demand only when you have made