Australian small businesses are owed an estimated $26 billion in unpaid debts by big businesses, according to a new report which says the levels of debt threaten the solvency of SMBs and their ability to pay staff, suppliers and themselves.
Australia’s largest privately owned debt acquisition firm, ACM Group, which purchased debts from Telstra, has been taken to court over its dealings with consumers by the competition watchdog, the ACCC.
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Ajai Chowdhry, one of the founders and CEO of HCL is married to a cousin of a cousin of mine.[…]