FAQ GetPaid-$ECURED® all invoices, contracts, goods, keep payments from voidable transactions.

FREQUENTLY ASKED QUESTIONS

Our FAQ section with some of the most commonly asked questions. 
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It is crucial to understand the risks of being in an unsecured status, as it leaves you vulnerable to invoices not paid (contracts included). And loss of ownership in goods when they change hands, possession is 100% legal owner "without paying" when supplier "without" a valid registration.
💣 Unsecured means being last in line, share $0 with the Tax Office, making it a precarious position.

GETPAID-SECURED powered by law - AUSTRALIAN FINANCIAL SECURITY AUTHORITY (AFSA)

👉Here are the key benefits of using GetPaid-Secured.com.au for your business:1. **Bank-Level Security**: You can secure your customers pay invoices just like banks do, reducing the risk of financial loss.2. **Stronger Cash Flow**: Motivate prompt payments from customers overdue, helping you maintain financial stability.3. **Legal Ownership Protection**: Retain ownership of goods until full payment is made, safeguarding your assets.4. **Affordable Setup**: Low-cost $6 registration covers up to seven years per customer, making it a cost-effective solution.5. **Comprehensive Support $990 once-only investment**: Get secured business terms, registration templates, guides, and expert advice to easily transition into becoming a secured creditor at the same level as a bank. And Super Priority in front of banks when supplying goods!If you’re curious about anything specific, let me know!🥇 Call Steve direct at 0401-725-127 or email any questions INVOICES@GETPAID-SECURED.com.au

$990 GETPAID-SECURED once-only investment in Secured Business Terms & Registration support;
+ $6 covers (up to) 7 Years (per Customer) and "valid";✅ SECURED CREDITOR rights level with banks;✅ INVOICES secured customer obligation to pay debt;✅ GOODS retention of title (rot) in ownership;⚖️ KEEP PAYMENTS from Claw-back law.

INVOICE MONEY paid within 24 hours
Pre-Approved secured cash-flow

Dear valued business owner/creditor,

We value your time and understand the importance of receiving timely payments for your hard work. With our knowledge and expertise in the industry, we want to introduce you to our innovative GetPaid-$ECURED® solution.

We were informed that our client/plumber, and their customer/debtor, has only paid $15,000 out of the $35,000 invoice for delivering plumbing services, stating that was the full amount they were willing to pay. 
⚖️This is certainly not a satisfactory situation for you, and we are here to help you resolve it.

In light of this, we have sent a $ECURED® Payment Demand to the debtor, informing them that you are a Secured Creditor with the same priority as a bank. We are confident that this will help bring the customer/debtor to a understanding of your position, and ensure that timely payments are made.

After receiving emails questioning how could our client/plumber be a Secured Creditor level with banks, and the fact the debtor never signed anything?

We are pleased to inform you that within 5 days, the debtor's lawyer has confirmed to his client/debtor that as a registered Secured Creditor, you have the legal right to receive full payment of the remaining $20,000 from your customer/debtor. He advises his client has transferred $20,000 into their trust account and when you discharge/cancel the registration you will be paid the outstanding $20,000 same day!

This reassures us that our GetPaid-$ECURED® solution is effective and beneficial for our valued clients.

Thank you for choosing to work with us, and we hope to continue providing you with our professional and reliable services in the future. Please do not hesitate to reach out to us if you have any further concerns or questions.

Sincerely,
Steve Hargreaves cofounder at GETPAID-SECURED.com.au

About GETPAID-SECURED?

At GetPaid-$ECURED®, we understand the importance of recovering overdue debts for our clients. That is why we take charge of sending a copy of your overdue invoice and Secured Demand request to your customer, compelling them to pay their dues and avoid further consequences.

Being a Secured Creditor provides an added advantage in the debt recovery process, ensuring a more efficient and timely result as compared to unsecured creditors. Our team at GetPaid-$ECURED® has extensive experience in handling debt recovery for Secured Creditors, ensuring a seamless and hassle-free process.

Trust us to handle your overdue debts and let us motivate your customers to pay. Contact us today to know more about our services.

What are voidable transactions (claw-back)?

Simply put, a liquidator's main duty is to distribute assets to Secured Creditors before the Unsecured (including Tax Office). This means that secured creditors who hold security over certain assets will be repaid before those without security, including the Tax Office. 

However, it is worth noting that if a voidable transaction has occurred before a liquidator is appointed, they have the power to Claw-Back. In other words, they have the authority to recover assets that were transferred or payments that were made to unsecured creditors and related party (family, friends, unfair payments) transactions in the period leading up to the liquidation. 

This power is granted to liquidators under the Corporations Act 2001 (Cth), and can be used to ensure fairness and equal distribution of assets among all secured creditors.

In some cases, unsecured creditors may choose to ignore this Claw-Back power and refuse to return the money received from voidable transactions. In such situations, a court order can be served on the banks to reverse any payments made to the unsecured creditors. This was established in the 1959 Banking Act and serves as a powerful tool for liquidators to recover assets and ensure that all secured creditors are treated fairly.

What will $ECURED® do?

Support your business with secured TERMS & REGISTRATION template for your business admin to correctly perfect "valid" $6 registration on customers. 

Change your legal rights to Secured Creditor for (up to) 7 years (per customer).
Security Interest floating over personal property owned by the customer for their obligation to pay "all" invoices (contracts included) goods, any obligation. 

Register can include and is "vital" for retention of title (rot) to ownership of goods (until paid in full) for PMSI Super Priority in front of banks (when supplying goods).