Security Interest Review
As insolvency practitioners, we regularly see creditors not get paid because they have not perfected their security. Many suppliers continue to rely only on a "romalpa clause" without registering a financing statement on the Personal Property Securities Register (PPSR) within the time frame required to create a super security, called a Purchase Money Security Interest which ranks ahead of any general security interest and even the IRD and staff.
We can assist you by reviewing your terms of trade and ensuring that you have correctly registered your interest on the PPSR.
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