DEBT MANAGEMENT -
Sleeping At Night!
Presenters: Michael Poytner - Lawyer and David McCleery - Chartered Accountant
CREATING YOUR DEBTORS
Prevention Better than Cure
00Set Clear Credit Expectations with all potential Customers
00Prepare & Execute Engagement Agreements where appropriate
00Deal with potential problems EARLY
00Know your Debtor Days (Turnover)
MANAGING YOUR DEBTORS
"Cashflow is King"
00Again, Deal with potential problems EARLY!!
00Know your Debtor Days (Turnover)
00Have a Consistent Credit Collection Policy
00Charge Interest on Overdue Accounts
COLLECTING YOUR DEBTORS
"Take Action"
00Demands
00Commencing Legal Proceedings - The Steps
00Options for Enforcing Collection: Warrants
Installment Orders
Bankruptcy
DEBT AS A LIABILITY
Health Check -Individuals
What would be the impact on personal cashflow if interest rates climbed by 2.0%?
00Is a Fixed or Variable Interest Rate appropriate?
00Do you operate at or around your credit limit?
00Do you have a planned Debt Management Strategy?
Health Check -Business
00Is the structure and term of business debt matched correctly to the purpose for
which it is used?
00Does the structure meet the seasonal needs of your cashflow?
00Do you operate at or around your facility limits?
00Are you aware of the opportunity cost of debt retirement?
CONTACT US
MCP Group Pty Ltd
Level 7, 520 Collins Street
Melbourne Vic 3000
Ph: (03) 9620 2001
Website: www.mcpgroup.com.au
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