The content of this article may be out of date - please refer to our more recent articles for up-to-date information. McDonald Vague, Insolvency and Business Recovery Specialists, strongly recommend that businesses register their security interests on the Government's Personal Property Securities Register (PPSR), and increase their awareness of the consequences of non registration. Failure to utilise this legislation can be a doubly expensive process in the event that their debtor company is placed in liquidation. Many companies are not aware that the legislation applies to supplies of goods on credit, leases for terms of greater than one year (or indefinite terms) and consignment goods. Jonathan Barrett, an Associate with McDonald Vague, says valid terms and conditions of trade, as…