|
Credit Management Advice
Ellison Moschella & Co has a long history and the technical skill in insolvency and debt recovery.
What we find time and time again is that those clients who take a proactive approach to the management
of credit achieve much better results and recovery than those who don't. An integral part of credit management is making sure that credit recovery
tools are in place before debts go bad.
Those tools include the establishment of proper credit terms and supporting securities (if necessary)
from the start of your relationship with your customers.
Can typical problems of debt collection be avoided by having proper credit management
tools in place?
Yes. A properly drafted credit contract
will help ensure that you recover your debts with a minumum of fuss, expense and delay. Typical and often avoidable
problems include:
- complications with service of court proceedings on the debtor,
- being placed amongst the pack of all your customer's other unsecured creditors,
- not being able to prove the amount owing,
- court jurisdiction issues,
- having to pay back to your customer's liquidator monies received from your customer
and
- being unable to recover goods not paid for.
Can I be placed at the front of the queue of my customer's creditors?
When things go bad it is normal for your customer to owe money to businesses other
than just yours. Where there are limited funds in your customer's possession ideally
you would like to have priority over those other businesses without having
to worry about your customer's liquidators or trustees in 6 months time.
Sound too good to be true? It really is not. Our methods are simple and have stood
the test of time.
If you act now, before debts become a problem, Ellison Moschella & Co can help
you do this as we have done with many of our clients.
Our credit management services include the establishment of proper credit terms
and accounts which can literally save you thousands.
To discuss how you can reduce your bad debts and increase your bottom line, please contact our Ross Moschella or Chris Kohler on 07 3221 8655 or email
mail@ellisonmoschella.com.au
|
|