PPSA: Protecting Your Assets If A Client Defaults
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  Running Time: 6:36 Date: 01/03/2013 If you supply goods on credit or on lease, make sure you register your interest - or you could lose them if your customer goes under. It's two years now since the national Personal Property Securities Register came into effect. Its aim is to make it easier for creditors and administrators to trace ownership of a business's assets when it goes into liquidation. But, says Richard Hobson of Linchpin Legal Management, suppliers who don't register their financial interest in goods or intellectual property they've supplied on credit, lease or licence, stand to lose them. Richard says many businesses are apparently still failing to use the Register, with costly and damaging consequences, though it's not difficult to download and complete the necessary paperwork. Topics: Financial Management, Legal, Management |
 Richard Hobson, Linchpin Legal Management |