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Quarterly insolvency stats & market commentary

Jul 10,2017

Insolvency stats for April to June 2017       How does this timeframe in 2017 compare to the last five years?     What’s happening in the market   Forex NZ and Forex NZ 2000 have both gone into liquidation. While the director of both companies has admitted to wrongdoing with the treatment of [...]

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Unusual liquidation circumstances

Jul 10,2017

Image courtesy of reynermedia   What happens with assets in a locked safe?   During the course of a liquidation, assets and accounts must be evaluated to determine which assets belong to the company, making them available as a means to pay creditors. This, as you know, is standard practice.   We would like to [...]

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Liquidation statistics reveal strategy

Jul 07,2017

Image courtesy of walknboston   If you’re trying recover debts, show strength   If you are a creditor of a non-paying debtor there are many steps you can take to improve the chances of receiving payment of that debt.   However, in our experience, creditors taking a more aggressive stance are more likely to receive [...]

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Insolvency laws may change

Jul 07,2017

Image courtesy of Rob Brewer   How will this impact businesses and consumers?   Insolvency laws in New Zealand have remained largely unchanged since the 1950s; however, we’re on the brink of seeing amendments to these laws.   As you know, insolvency law reform has been a topic in the news since the failure of [...]

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Market commentary & insolvency statistics

Apr 12,2017

How is New Zealand’s economy faring as of April 2017?   The start of 2017 saw a slight dip in the housing market typical of the December trading period with claims the boom is over. Businesses also reported less confidence in the economy.   January to March 2017   How does 2016 compare thus far [...]

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