Factoring of Debtors and Leading with your Chin

Factoring agreements are very popular with subcontractors and suppliers in the construction industry, assisting cash-flow by providing a line of credit against accounts receivable. However, like any financial product, they can present complexities, pitfalls and at times surprises when pursuing debt recovery and enforcement action. 

Where a subcontractor is factoring its debts:

Filed under:
Australia, Construction, Insolvency & Restructuring, Litigation, Piper Alderman, Subcontractor, New South Wales Supreme Court
Authors:
Daniel Fitzpatrick
Location:
Australia
Firm:
Piper Alderman