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:

Understanding Director Loans in Liquidation: A Guide for Stakeholders

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Recently I was approached by a client to consider whether it was possible to call a members’ meeting to and place a company into creditors voluntary liquidation without the involvement of the director. In this particular case, the sole director passed away suddenly leaving the company without a director and

The Value of Search Warrants Pursuant to Section 530C of the Corporations Act 2001

Search warrants are a crucial tool in the enforcement of corporate law in Australia. Under section 530C of the Corporations Act 2001 (“the Act”), search warrants can be issued to facilitate the investigation of company affairs, especially in cases where there is suspicion of misconduct or breaches of the Act.