We were pleased to facilitate a claim payment for a creditor of Probuild in just 13 days from lodgement.

Yet again, the saying “too big to fail”, proved simply untrue with the recent appointment of Administrators to Probuild.

Welcome to the first NCI Minute for 2022. It’s been a mixed start to the year with most of our teams working in a hybrid environment. By now, most have returned to the office and we’re looking forward to being able to catch-up with clients and partners more regularly this year.

The end of January saw the PPSR clock up its first decade of operation. As we light the birthday candles to celebrate 10 years, it is worthwhile reflecting on some key milestones.

As a company that is always gathering information in order to assess the creditworthiness of businesses, NCI is only too aware of the long-standing difficulty in trying to ascertain whether the individuals behind those businesses can be relied upon to act responsibly towards their creditors.

Whilst collection and insolvency actions have been approximately half of a “normal” year over the past 20 months, the number of businesses in financial difficulties is building up.

At the end of July, the PPSR had a go at streamlining their ‘Amendment Demand’ approach “to help simplify the strict legal process required when disputing a PPSR registration”.

At NCI, we operate with an “Under one roof” philosophy. What we mean by this is that no matter what trade credit related product one of our clients or potential clients is looking for, we have a solution.

Monday May 10 saw the Federal Court of Appeal hand down a decision that looks to be quite the win for creditors fighting against unfair preference demands from liquidators.