When any business needs money then it prefer to another company or business. Both the businesses sign an agreement for the payment of debt. But sometime the business becomes incapable to repay the money back so at this time the business generally asks from the bankrupt business about payment again and again. But if the business doesn't respond then it moves further toward the court. The business may not repay money back even after the order of court then its next step may be of debt collectors. The debt collectors are brutal people and they force the business for payment but their fee is very high. Everyone is not able to pay their fee and they are not applicable when the amount of money is small. They charge fee in advance whether they are able to get your money back or not. Mostly business wants such solution which can get owed money back from the business without paying fee unlike the debt collectors.
At this time, there is only a single option which is able to fulfill your expectations in best possible ways. Yes, there is a website which allows the business to post the payment info onto the site. This website only supports to the Australian businesses rather than sole traders or marketers. To access onto this site the user must has to login or register onto the site. The businesses must have ABN (Australian Business Number) number for accessing this site. A user can post more than one post onto the site through single user account. The website allows posting info free of cost so it is pertinent for small business debt recovery. When the payee sends info then the website first verifies it. It also gives final opportunity to the payer for payment before the post becomes publicly.
The post is on the deferment for 3 days and till the bankrupt business has time to responds. If the business doesn't make response in this time then the company will not wait for a while and the post will be online available. Whenever any user accesses the website then he/she sees the post and it is a negative step in the favor of business reputation. The businesses don't accept this type of happening with their reputation so you can get back the money owed by company. If once the reputation get letdown then to re-build it is a challenging task. So, mostly the business responds for the payment at the time of last opportunity otherwise it is better reprisal to get from the bankrupt business for that what it did with you.
Author Resource:
Kevin George is an experienced Content Writer. He has written several articles on topics like Get owed money back from business and Small business debt recovery.
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