Exploring Trade Credit Insurance and Court Winding-Up with Terry Watson and Luke Whiffen

Simon Cathro

In finale episode of The Cut's 2023 season, host Simon welcomes two guests, Luke Whiffen from Hilton Bradley Lawyers and Terry Watson from Watson Trade Credit.

In finale episode of The Cut’s 2023 season, host Simon welcomes two guests, Luke Whiffen from Hilton Bradley Lawyers and Terry Watson from Watson Trade Credit.

They discuss trade credit insurance and the winding up process for companies. Luke provides insights into taking legal action against companies that owe money, while Terry shares his experience in the trade credit insurance industry.

Tune in for valuable insights into the importance of aligning with clients and offers a no-win, no-fee approach.

What you’ll learn about:

- (00:00:22) Lawyers and client alignment.
- (00:07:23) Insolvency in the construction industry.
- (00:10:57) Reducing DSO with trade credit insurance.
- (00:13:58) The community factor.
- (00:16:09) The collection process begins.
- (00:20:39) The impact on businesses.
- (00:24:10) Lawyers prioritising bottom line.
- (00:30:02) Quick debt collection strategies.
- (00:33:00) Uninsurable solar industry.
- (00:37:28) The winding up market.
- (00:42:36) Victoria’s upcoming insolvencies.
- (00:44:30) Impact of interest rate rises.

Links:

Cathro Clarity Insight: Has Small Business Restructuring Reached Its Peak?

At Cathro & Partners, we provide live access to ASIC insolvency statistics through our website dashboard, Cathro Clarity, enabling stakeholders to track insolvency trends and market movements in near real time. When the Small Business Restructuring (SBR) regime was introduced in FY21–22, initial uptake was modest, with just 37 restructuring plans recorded nationally

Cathro Clarity Insight: Has Small Business Restructuring Reached Its Peak?

Insights into purchasing creditor claims in an Insolvency process with Mitch Taylor

In this episode of The Cut, Simon Cathro sits down with Mitch Taylor, founder of ClaimCloud, to explore a concept still unfamiliar to many Australian creditors: selling creditor claims for immediate liquidity. With over 25 years in credit markets, including time on Wall Street during the GFC, Mitch shares why

Insights into purchasing creditor claims in an Insolvency process with Mitch Taylor

Updated ATO Expectations for Supporting a Small Business Restructuring Plan

The Small Business Restructuring (SBR) framework has quickly become one of the most widely used mechanisms available to financially stressed SMEs. From only a handful of appointments in FY21, uptake has expanded to almost 3,000 SBR appointments in FY25, now representing a substantial proportion of all formal insolvency appointments across Australia. As the use of SBR