How Long Do You Have To Recover Debts?

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Recovering old debts is an issue that many businesses deal with on a regular basis. But how long do you have to recover your unpaid debts? How long before debt becomes uncollectible and is written off? To the letter of the law a creditor has 6 years from the date… on which the debt became […]

How To Write A Letter Of Demand

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Writing a Letter Of Demand for payment is usually the last step you will take when trying to recover an unpaid debt before taking legal action. You should only consider writing a letter of demand if all other reminders and friendlier options have been exhausted, and your debt has still not been paid and the […]

Will You Get Paid If Your Customer Files For Bankruptcy?

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Managing cash flow and chasing up overdue accounts can cause major stress and disrupt operations for business owners. But what are your rights if a debtor files for bankruptcy and will you get paid what you are owed? What Happens When A Customer files For Bankruptcy? If one of your customers has filed for bankruptcy […]

Victorian Debt Collection & Recovery: What Do Businesses Need To Know?

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Outstanding debt can be stressful and cause significant cashflow issues for your business. If you’re a business operating in victoria it’s important to have a defined and consistent collection process in place for your business and is complying with the Victorian Consumer Affaird and ACCC debt collection guidelines. In this article we’re going to discuss […]

Small Business Debt Collection: How Does It Work?

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Debt Collection Agency for Small Business – JMA Credit Control No matter what kind of business you’re in, there will always be some customers who don’t pay their invoices. You send bills that aren’t paid and make calls that aren’t answered. Or maybe you just hear excuses.  As a small business it’s easy to become […]

Why You Should Outsource Your Debt Collection in 2016

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Is it time to outsource your debt collection? Many Australian businesses are now seeking professional help to recover overdue accounts due to growing debt levels, rising bankruptcy rates and positive industry reform from revised debt collection guidelines issued last year. If you’re thinking about hiring a debt collection agency or lawyer to conduct collections on […]

How To Get Paid: Issuing A Letter Of Demand

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One of the biggest issues that small businesses have in Australia isn’t something that happens before or during the sale. The biggest issue, in fact, happens afterwards when it’s time to collect money owed for the services provided. Business Victoria confirms this by highlighting “getting paid” and cashflow in their top 5 small business problems […]

How To Recover Unpaid Invoices From Customers That Don’t Pay

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Everyday millions of small businesses in both Australia and around the world are dealing with unpaid invoices.  In fact according to many government surveys the biggest issue businesses face is slow or late payments. When combined with the statistics and chance or recovering debt based on the amount of time that has prolonged then the […]

How Small Businesses Can Improve Cash Flow with These Simple Steps

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Cash is king when it comes to operating in business and therefore managing cash flow is an essential part of making your business viable for the long-term. It’s near impossible to grow a business without a strong and positive cash flow so as a business what can you do to maintain a health and positive […]

Are Your Credit Terms Enforceable?

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Getting paid can sometimes cause complications for your business yet it’s a critical part of maintaining a positive cashflow. It’s especially easy for small businesses to feel bullied when it comes to getting paid because big businesses are quick to set their terms. Unfortunately, simply sending an invoice that says your client must pay within […]