If you have credit insurance, you should check with your insurer whether you are covered for all or part of your loss.  If you are on the Invoice basis for GST accounting, you may be able to make a bad debt adjustment in your GST return.  Check with your accountant on this.  You may also need to make a bad debt adjustment in your income tax return if this has not already been included.  Again, check with your accountant.

We recommend always taking the time to submit a claim form, as it is often unclear at the start of a case whether a dividend will be paid.  Our six monthly reports are only sent to creditors who submit claims, so you may not be aware of developments giving rise to a payout to creditors.  We are only permitted to pay dividends to creditors who file formal claims.  Please also notify us of any change in address, as dividend payments are made by cheque rather than direct credit.