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Brent Norling

👤 Speaker
496 total appearances

Appearances Over Time

Podcast Appearances

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Um, but you know, people took advantage of that and his accounts receivable, like he, um, he almost went bankrupt.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Um, we managed to recover them, but

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

It was, it was questionable there because he's getting demands, he's getting legal proceedings cause he's not paying, but then he's accepting promises on the other side.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Um, so yeah, I think we need to get a lot tighter around accounts receivable management.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Um, you know, I'm of the view squeaky wheel gets oil.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

So, um, you know, if it's a company that owes you money, like stat demand liquidation, um, because if you're the creditor that is, um, filed liquidation at the high court,

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

You're the number one creditor on their priority list.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

There's no one else they want to pay more than you because you have the power to appoint a liquidator.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

And if they want to avoid that, they'll sort it out.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Yeah, look, I'm talking about the, what I'm talking about is when these kind of internal efforts have failed because, yeah, you don't want to rush straight to that.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

You know, so, you know, I'm a big fan of like the person with the relationship makes a call because, you know, if you've done the work, you've got the client relationship, you pick up the phone, you know, often that will help get the money in.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

But then there also becomes a point where that relationship,

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

that relationship can be a disadvantage because they might leverage it, use it.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

So there needs to be a point.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

I like an internal, like another person internally to pick it up.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

So if you've got an internal accountant or an internal accounts person, bookkeeper, or, you know, a GM, someone in the business that can then escalate it and then they can make the threats to send it external.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Yeah.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

We've actually, we actually changed our buffer to, like, you can book an appointment, but there's a buffer period that there's nothing available in because, you know, you would...

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Um, you'd come to work or you wake up in the morning and it would just be like booking instead of, you know, 1am, 2am, 3am.

Keep The Change
NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling

Um, that's when they're booking, but that's when they're booking you from 9am, 10am.