The Cut

Simon Cathro
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Conversations with the people of Australia's insolvency industry. Insolvency, restructuring, and navigating a business through financial distress are as much about the people involved as it is about the regulations and financials. Join Simon Cathro, Andrew Blundell and the Cathro and Partners insolvency practitioners as they have real conversations with the people within the insolvency industry. Hear their personal stories as they navigate their careers, what they think of the current operating environment and where they think it's all headed.

  1. FEB 5

    Insights into purchasing creditor claims in an Insolvency process with Mitch Taylor

    In this episode of The Cut, Simon Cathro sits down with Mitch Taylor, founder of ClaimCloud, to explore a concept still unfamiliar to many Australian creditors: selling creditor claims for immediate liquidity. With over 25 years in credit markets, including time on Wall Street during the GFC, Mitch shares why time is often the most overlooked cost in insolvency. Together, Simon and Mitch unpack how claim trading works, why insolvencies can stretch on for years, and how emotion, uncertainty and litigation shape creditor decisions. This conversation challenges traditional thinking about recoveries and asks whether maximising cents in the dollar should always come at the expense of time. Key Points Time is as important as recovery value - Maximising cents in the dollar often comes at the cost of years of waiting. Creditors are not a single group - Every creditor has different priorities, emotions and financial pressures. Selling a claim should be an option, not a taboo - Claim trading gives creditors control over when they exit an insolvency. Links Mitch Taylor's Linkedin Simon Cathro's Linkedin Andrew Blundell Linkedin ClaimCloud's website

    39 min

  2. 11/20/2025

    Insights into Unique Court Decisions, with Pavlos Stavropoulos, Senior disputes and insolvency solicitor at Addisons

    In this episode of The Cut, the conversation dives deep into the hidden complexities of insolvency law and what every director, administrator, and shareholder needs to understand before making their next big decision. From a chickpea trading company that triggered a pivotal case to the misunderstood power of subordinated creditors, this episode dissects real-world examples that show how "reasonable" actions can quickly become legally dangerous. Guest Pavlos Stavropoulos, a senior disputes and insolvency solicitor at Addisons, breaks down three critical areas - unreasonable director-related transactions, subordinated creditor rights, and derivative leave applications, offering clarity on where risk meets responsibility. Whether you're a director seeking to protect your position or an insolvency practitioner managing complex stakeholder claims, this episode reveals how to approach each scenario with strategic insight and legal precision. Key Points Understanding unreasonable director-related transactions is crucial — they can apply even when a company isn't insolvent. Subordinated creditors can have limited but important rights in external administrations — if the court allows it. Derivative leave applications reveal how legal power struggles inside companies can turn into court-sanctioned corporate warfare. Links Pavlos Stavropoulos' LinkedIn  Simon Cathro's Linkedin Andrew Blundell Linkedin Addisons website

    42 min

  3. 10/23/2025

    AI, Law, and the Future of Professional Practice – Insights from Jarrod Munro

    In this episode of "The Cut", the conversation dives into how AI is being used inside law firms, what it's getting wrong, and the new rules emerging around its use in legal proceedings. Featuring "Jarrod Munro", Partner at "Cornwalls Lawyers", this discussion unpacks real examples—from court restrictions to hallucinated legal cases—to reveal the promise and peril of AI in professional industries. Jarrod explores how AI's efficiency can help lawyers and accountants focus on higher-value work while warning of the ethical, accuracy, and confidentiality pitfalls that still plague the technology. Listeners will walk away with a sharper understanding of how to integrate AI responsibly, spot its blind spots, and future-proof their professional practice. Key Points AI's speed doesn't mean accuracy—hallucinations and bias remain huge risks if you don't verify results. Confidentiality and compliance are still human responsibilities, even when AI handles the grunt work. The firms that learn how to train, audit, and ethically deploy AI will outpace those who ignore it. Timestamps [00:00] Why trusting AI output is a dangerous assumption [02:27] What AI really is (and why it's not that new) [04:23] How AI impacts the legal and accounting industries [06:23] Why AI can't be trusted for legal research [08:00] Court rules on AI-generated affidavits [11:18] The hidden confidentiality risks in AI use [13:02] Efficiency vs. accuracy—real examples from practice [14:47] AI hallucinations and their legal fallout [20:00] Bias, black box problems, and real-world AI disasters [33:14] What the future of AI means for lawyers and accountants Links Jarrod Munro's Linkedin - https://www.linkedin.com/in/jarrod-munro-5953ab58/ Simon Cathro's Linkedin - https://www.linkedin.com/in/simon-cathro-b6a6b21/ Andrew Blundell Linkedin - https://www.linkedin.com/in/andrew-blundell-2a54664/ Cornwalls website - https://www.cornwalls.com.au/

    38 min

  4. 10/03/2025

    Insights into Property and Debt Market

    Australia's property market is full of contradictions—capital is abundant, demand is surging, yet developments are stalling. In this episode of The Cut, listeners get an unfiltered look at what's really holding the sector back, from a mid-market feasibility crisis to the construction insolvency wave that's shaken the industry. Learn how regulatory changes, labor shortages, and private credit expansion are impacting the market today—and where opportunity lies for those ready to adapt. Dominic Lo Surdo, Executive Chairman of Stamford Capital and President of CAFBA, shares candid insights from the frontlines of real estate lending and development. With access to over $6.3B in pipeline deals and responses from 100+ lenders in their Debt Capital Market Survey, he sheds light on the emerging trends, the data gaps that regulators are scrambling to fill, and what needs to happen next to unlock housing supply. Key Points The construction industry is under immense financial pressure, with insolvencies hitting record levels—yet capital is readily available if feasibility and labor align. Regulatory reforms and building commissioner crackdowns are lifting quality, but the market still lacks contractor depth to meet urgent housing demands. Private lending is booming amid tight bank conditions, but growing scrutiny from ASIC suggests a call for more transparency and self-regulation. Timestamps [00:00] – The paradox of a capital-rich, labor-short property market [01:03] – Intro to Dominic Lo Surdo and overview of Stamford Capital [03:21] – Current market conditions: risk, feasibility, and stagnation [06:08] – Construction insolvencies and their ripple effect [08:52] – The housing crisis vs. broken developer-contractor dynamic [10:58] – TOD zones and how they're reshaping feasibility [13:46] – Building commissioner reforms and consumer trust [16:43] – Insights from the Real Estate Debt Capital Market Survey [22:51] – ASIC's private credit review and future industry regulation [34:32] – Property outlook: What's next for the next 2–3 years Links: Dominic Lo Surdo Linkedin Simon Cathro's Linkedin Andrew Blundell Linkedin Stamford Capital   Cathro & Partners are experts in providing insolvency and restructuring services that help to create and preserve business value and to enable individuals to make a fresh start. The firm specialises in restructuring, turnaround, personal and corporate insolvency, safe harbour, secured enforcement services, government advisory services and pre-lending services. For a confidential discussion on any of the above, please reach out to one of our experts

    38 min

  5. 08/23/2025

    The Cut Podcast: Payroll Compliance Isn't Optional

    In this episode of The Cut, hosted by Simon Cathro, we dive into how payroll compliance has shifted from being just a back-office function to a critical boardroom responsibility. Our guest, Marcus Zeltzer, co-founder of Yellow Canary, explains how technology is transforming payroll compliance—from reactive clean-up to proactive clarity. Even Australia's largest employers are struggling with complex rules hidden deep inside awards, and Marcus unpacks why compliance is not about intention but interpretation. You'll also hear how Yellow Canary's audit platform mirrors the Big Four process—only faster, clearer, and without the price tag. From IPO readiness to whistleblowers, discover the surprising triggers that push businesses to take compliance seriously. Key Discussions Compliance is now a boardroom issue—not just payroll administration. How AI is cutting compliance work from months to days, reshaping entitlement audits, litigation, and safe harbour. Why poor records, data gaps, and unclear laws destroy more than money—they destroy trust. What motivates organisations: whistleblowers, IPOs, M&A, and enterprise bargaining. Timeline Highlights [00:45] – Marcus' journey: from law school dropout to tech founder [03:59] – The spark for Yellow Canary: wage theft, media, and margins [05:00] – How the platform works and why it's different to the Big Four [06:30] – Go-to-market strategy and early law firm partnerships [08:00] – A typical client engagement from start to finish [10:00] – Award simulation tool and AI-driven rule accuracy [13:59] – What motivates clients to engage Yellow Canary [17:00] – The future of enterprise bargaining and tech-enabled dispute resolution [24:59] – Cutting M&A audit time from five weeks to five days [32:30] – What insolvency firms need to know about AI in payroll cases Links Guest: Marcus Zeltzer on LinkedIn Simon Cathro on LinkedIn Andrew Blundell on LinkedIn Yellow Canary Website

    46 min

  6. 06/24/2025

    Insights into Arbitration and Litigation Funding with Matt Lee, LFM Disputes

    Litigation finance is reshaping how high-stakes disputes are fought—and who wins. In this episode, Matt Lee from Lindsay Francis Mengen, a specialist in arbitration and former head of Australia's largest litigation funding operation, shares how litigation funders assess cases, manage risks, and decide whether a claim is worth backing. For anyone working in insolvency, restructuring, or high-value disputes, this is an inside look at what funders really want.  You'll also learn how arbitration can offer a faster, more private alternative to court—if managed correctly. From freezing orders to enforcement risk, Matt dives into the practical realities that often determine whether a case succeeds or quietly fails. Packed with actionable insights for liquidators, lawyers, and anyone considering legal funding, this episode is essential listening for navigating complex legal recoveries. Key Points: Litigation funders assess more than just legal merit—they evaluate people, psychology, and probability. Arbitration can be faster and private—but only if the arbitrator drives the process effectively. Freezing orders and early mediation aren't just strategy—they can determine whether you recover anything at all. Timestamps: [00:03] What litigation funding actually is and how it works [05:00] Beyond class actions: corporate use of legal finance [07:32] The role of funders during litigation—not just money [09:50] What funders analyze: success, damages, recoverability [11:53] Why good claims still don't proceed in insolvency cases [14:30] When is the right time to mediate? [18:45] Assessing the people behind the claims [21:00] How freezing orders stop asset flight during litigation [23:01] What arbitration is and how it differs from court [28:00] How long arbitration takes and what can go wrong Links Matt Lee's Linkedin Simon Cathro's Linkedin Andrew Blundell Linkedin Lindsay, Francis & Mangan website   Cathro & Partners are experts in providing insolvency and restructuring services that help to create and preserve business value and to enable individuals to make a fresh start. The firm specialises in restructuring, turnaround, personal and corporate insolvency, safe harbour, secured enforcement services, government advisory services and pre-lending services. For a confidential discussion on any of the above, please reach out to one of our experts

    46 min

  7. 05/01/2025

    Insights into Growing a Professional Practice

    Building a successful practice demands more than technical skill—it calls for relentless commitment, strategic mindset shifts, and the courage to delegate. In this episode of The Cut, host Andrew Blundell sits down with Nick Hitchens, founder of Hitch Advisory, to trace his rise from managing distressed pub sales to advising on high-stakes M&A deals. What You'll Learn: Why the First Five Years Matter: Most firms plateau or fail around year five. Nick explains the "all-in" mentality required to push through that critical period. Delegation as a Growth Engine: Clinging to every task breeds burnout. Discover how entrusting your team can free you—and your firm—to scale. Redefining Success: Beyond revenue, true success means building a capable team, creating opportunities, and making a lasting impact. Whether you're leading a professional services firm or scaling a specialist team, this conversation will shift how you think about leadership, growth, and long-term achievement. Links Nick Hitchens' LinkedIn: https://www.linkedin.com/in/nick-hitchens/ Andrew Blundell's LinkedIn: https://www.linkedin.com/in/andrew-blundell-2a54664/ Hitch Advisory: https://hitchadvisory.com/   Cathro & Partners are experts in providing insolvency and restructuring services that help to create and preserve business value and to enable individuals to make a fresh start. The firm specialises in restructuring, turnaround, personal and corporate insolvency, safe harbour, secured enforcement services, government advisory services and pre-lending services. For a confidential discussion on any of the above, please reach out to one of our experts

    48 min

  8. 03/10/2025

    Insights into Invalid Insolvency Appointments and Appointees Remuneration

    When a business faces insolvency, one of the most overlooked yet critical aspects is ensuring that administrators and receivers are legally and correctly appointed. In this episode of The Cut, expert insolvency lawyer Nick Christiansen from Sparke Helmore joins the conversation with host Simon Cathro, to break down valid vs. invalid appointments, the risks insolvency practitioners face, and what business owners need to know before making any decisions. From understanding how appointments are challenged in court to why remuneration is such a hot topic in insolvency, this discussion sheds light on the legal and financial pitfalls that can make or break a business in distress. If you're a business owner, creditor, or insolvency professional, this episode is packed with insights that could save you from costly mistakes. ⁠Key points discussed in this episode: Valid vs. Invalid Appointments Matter – Administrators and receivers must conduct due diligence to ensure legal appointments; mistakes can result in personal liability. Remuneration Isn't Always Guaranteed – Insolvency professionals must prove their fees are reasonable, and creditors can challenge them in court. Creditors Have More Power Than They Think – From challenging fees to influencing court decisions, creditors play a bigger role in insolvency than most realize. Links: Nick Christiansen's Linkedin Simon Cathro's Linkedin Sparke Helmore Lawyers official website ASIC   Cathro & Partners are experts in providing insolvency and restructuring services that help to create and preserve business value and to enable individuals to make a fresh start. The firm specialises in restructuring, turnaround, personal and corporate insolvency, safe harbour, secured enforcement services, government advisory services and pre-lending services. For a confidential discussion on any of the above, please reach out to one of our experts.

    44 min
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About

Conversations with the people of Australia's insolvency industry. Insolvency, restructuring, and navigating a business through financial distress are as much about the people involved as it is about the regulations and financials. Join Simon Cathro, Andrew Blundell and the Cathro and Partners insolvency practitioners as they have real conversations with the people within the insolvency industry. Hear their personal stories as they navigate their careers, what they think of the current operating environment and where they think it's all headed.

Information

  • Creator
    Simon Cathro
  • Years Active
    2022 - 2026
  • Episodes
    35
  • Rating
    Clean
  • Copyright
    © 2022
  • Show Website
    The Cut