Do you hire out/have unsecured gear on your client’s site? How would it impact you if a client went into liquidation? Lastly, are your goods and assets registered on the PPSR?
Unfortunately, the reality is if your client goes into liquidation, the process happens swiftly, their premises closed, and your assets frozen as part of the proceedings. As a result, without documentation in place, you could find yourself out of pocket, in more ways than one.
We can assist you to become a secured creditor.
PPSR stands for Personal Property Securities Register, and is an online service account where you can register a legal claim to your personal property.
The register helps businesses and individuals protect themselves financially, reduce investment risk, gain access to credit, and make better-informed financial and purchasing decisions. If you’re selling goods on credit, you’ve probably signed a contract establishing your rights to the property should the customer fail to pay. But what if there are other creditors waiting in line?
As a ‘Secured Creditor’:
You can also check the PPSR to see if there is any debt or obligation attached to goods you may wish to buy.
We can save you money and time by taking over this function. We can also help reduce the possibility of registering an invalid interest by not having the correct documentation in place, the correct collateral type noted, or incorrect debtor details loaded.
Did you know?
A large part of protecting your position when it comes to PPS Registrations comes down to your Terms and Conditions of Trade.
We are specialists in writing customised Terms and Conditions for many SME and large organisations throughout New Zealand from a diverse range of industries.
With our vast experience in writing Terms and Conditions of Trade we ensure that our clients are not only protected from a PPSR perspective but also from many other perspectives such as Debt Collection, Privacy, Disputes and more.
Talk to us today to ensure your Terms are up to date.
Our friendly Customer Service team are available to talk about all things PPSR.
Call us today at 0800 324 768 or fill in the form and we will get in touch as soon as possible.