CLH 0.00% 6.8¢ collection house limited

Collection House collects for the ATO - Lion Finance doesnt....

  1. 68 Posts.
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    Collection House collects for the ATO - Lion Finance doesnt. Lion Finance is the debt purchase part of the business and buys debt from banks, telcos etc. As far as I know (but correct me if I am wrong) the ATO does not sell its debt to third parties, so the two trends would be unrelated.

    What it could mean though is that the ATO is concerned about its reputation so trying to reduce the number of people it makes bankrupt to those absolutely necessary. If CLH is seen to be too aggressive in its use of bankruptcy, the ATO - and the Major 4 banks for that matter - may want to avoid doing business with CLH to avoid reputational damage.
 
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Currently unlisted public company.

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