Using PPSR to Defend Unfair Preference Claims

Download

By Ben Sewell and Brooke Payne

Caroline is a terrific Credit Manager, she is proactive and uses both IT and skill to keep her company’s debtor days to acceptable levels (she is an ace really). Her company sells commercial products and the CEO loves Caroline because she always presses for payment and she even keeps the sales force in line. Unfortunately, because Caroline is so good at what she does she gets occasional unfair preference claims from liquidators of debtors. This article discusses how Credit Managers can use the new Personal Property Securities Register to protect their company from unfair preference claims.

Using PPSR to defend unfair preference claims

To read the full article in PDF click “Download” button in the header.

Published in: AICM Magazine, Credit Management In Australia, December 2012

Other recent white papers

Checklist: What to do when your business is insolvent

In our guide, we set out 7 steps that a financially troubled business should undertake to respond to insolvency. We find that catching financial distress earlier in the client journey will increase their chance of turnaround or at least to minimise the cost.

One objective of this checklist is to help company directors and owners to work out whether they need professional help and to work out their end game of either business continuity or business exit.

read more