Under Australian law, commercial debtors operate within a clear legal framework that defines their responsibilities as well as their protections. Beyond just unpaid bills, commercial debt is tied to a complex framework of contractual accountability, statutory regulations, and fair debt collection practices. Creditors and debtors alike must navigate these responsibilities…
Overdue invoices have long been a major issue for businesses across Australia. Around 74% of Aussie small enterprises experience problems with late payments, with the construction industry affected the most. Many companies are forced to handle debt recovery independently, taking precious time and resources that could’ve been otherwise spent on…
Delayed invoice settlements are a significant issue for small and medium-sized businesses (SMBs) in Australia. Buyers ‘ negligence can still result in profit losses even with a debt recovery collection agency’s support. Many SMB owners ignore this problem as chasing payments is time-consuming and may risk damaging relationships with regular…