ARTICLE
7 September 2024

Insights into creditor activism with Anna Taylor, Principal at Results Legal

CP
Cathro & Partners

Contributor

Cathro & Partners are experts in providing insolvency and restructuring services that help to create and preserve business value. With a reputation for delivering high quality results, we can assist your business to overcome strategic and financial challenges. You can rely on our team to find the right solution for you and protect the interests of stakeholders. We pride ourselves on identifying tailored solutions for your business.
Link to video providing practical advice & strategies for asset protection & preservation in insolvency scenarios.
Australia Insolvency/Bankruptcy/Re-Structuring

In this episode of The Cut, host Andrew Blundell, Principal at Cathro & Partners, is joined by Anna Taylor, Principal at Results Legal, to discuss various aspects of insolvency, debt recovery, and trade credit.

Key Takeaways:

  • Understanding Director Obligations: Anna emphasizes the need for directors to be more aware of their obligations and liabilities, suggesting the need for mandatory education before director appointments.
  • Trade Credit Challenges: The discussion delves into the current challenges faced by trade credit businesses, including an increase in disputes, preferences, and equitable priority disputes.
  • Risk Mitigation Strategies: Anna highlights the importance of setting up for success by having appropriate contracts, understanding customers, and proactive credit management to mitigate risks.
  • Advocacy and Proactiveness: The conversation emphasises the need for proactive communication with insolvency practitioners, particularly in cases of appointments, to protect the interests of creditors and ensure timely responses.

This episode provides valuable insights for insolvency practitioners, creditors, and businesses on effectively navigating the complexities of trade credit, insolvency, and debt recovery.

Tune in to gain practical advice and strategies for asset protection and preservation in insolvency scenarios.

Links:

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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