The good and the bad of insolvency protections

- September 9, 2020 2 MIN READ

So the Morrison government has extended its insolvency protections for small business owners impacted by COVID. That’s a good thing, right? While small business advocates are heralding the announcement as a win for businesses owners, allowing them temporary relief from bankruptcy, there are some concerns the protections are propping up zombie businesses. Extended insolvency protections… Read more »


Business confidence slashed amidst recession fears

- June 9, 2020 2 MIN READ

66 per cent of small businesses are concerned Australia will experience a recession and 62 per cent believe the severity will be the worst in 20 years. 61 per cent of small business owners say COVID-19 has negatively impacted their business Two-thirds of SMEs are planning to consolidate or cut costs in the coming year.… Read more »


Business outlook positive as company wind-ups decrease

- October 24, 2019 < 1 MIN READ

In good news for business sentiment, Prushka Fast Debt Recovery reports the number of businesses winding up is on the decline. Applications to wind up decreased by 8 per cent in the July to September quarter with only 940 businesses issuing notices to wind up during the three month period. Victoria remains the state with… Read more »


How to manage credit risk in your small business

- August 12, 2019 2 MIN READ

Managing risk in your business can be complex. Do you gamble your cash flow for a potential increase in sales? Or do you play it safe and potentially miss out on additional revenue? asks Roger Mendelson, CEO of Prushka fast Debt Recovery. Although an occasional risk, by offering credit to your customers, it can encourage… Read more »