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Debt Collection Now and Post-Covid

Nexa Collect

Economic downturns create a huge opportunity for the debt collection industry. A large number of creditors are stuck with unpaid invoices, and as their own efforts fail they tend to submit more accounts to collection agencies. Additionally, the government-assisted stimulus packages resulted in recovery rates jumping by almost 1.5

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How Businesses Use Corporate Debt Restructuring for Liquidity

Debt RR

Debts can quickly cripple a business, and negotiating more favorable terms with creditors is usually the best way out. Businesses restructuring debt typically do so because they’re having trouble meeting obligations, and it goes both ways. Many businesses are both debtors and creditors. Indenture Agreement Violations.

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What to do When You’re Served Papers for a Debt

Debt RR

This leaves businesses struggling to maintain revenue while debt continues to pile up. There are 35 major bankruptcies in 2019 so far, and over two-thirds happened in retail. trillion worth of debt. When faced with mounting debt, it’s inevitable that someone will come to collect. File for Bankruptcy.

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General Insurance Code of Practice and Hardship

Debt Recoveries

As Debt Recoveries Australia services a significant portion of the insurance industry, it has been of the utmost importance that we remain aware of the changes to the code and how they affect our clients, their insured customers and any third parties that recovery may be sought from in a claim. . Bankruptcy .