NSW CAPI Agents and NSW Credit Law have a debt recovery rate over 80%, which is not matched by many in the industry. However, the major contributing factor to that debt recovery rate not being higher is insolvency of debtors. Both corporate liquidations and personal bankruptcies.   No insolvency in our history has affected more clients that the insolvency of the Genius Childcare empire and the bankruptcy of its director Darren Misquitta.   Darren Misquatta’s own online business profile describes him as a dynamic Australian business professional whose career trajectory illustrates versatility and impact on diverse industries.   It claims he is a renowned executive in

Introduction   In the world of business, timely payments are crucial for maintaining cash flow and ensuring operational stability. Understanding payment terms, default provisions, and indemnity clauses can be vital in safeguarding your interests against debtors.   Importance of Clear Payment Terms   Define Expectations: Clearly outline when payments are due. Specify payment methods and any applicable late fees. This clarity helps set expectations and minimises disputes.   Encourage Timeliness: Consider offering discounts for early payments or penalties for late payments to motivate timely transactions.     Default Terms: Protecting Your Interests   Definition of Default: Establish what constitutes a default (e.g., late payments, non-payment). This allows you to act swiftly when a