The practice of insolvency in New Zealand is remarkably unregulated. The Companies Act stipulates
Is Your Company Solvent? – Risks for Directors and their Accountants
A company is usually deemed to be solvent if the assets are greater than liabilities but there are
Where does the money go, and how do liquidators get paid?
How liquidators distribute funds depends on where the money came from in the first
Personal Liabilities of Liquidators, Receivers and Administrators
One of the joys of working in insolvency is the personal liability that attaches to much of what we
How to Protect Yourself from Dealings with an Insolvent Company
Dealing with insolvent companies is an increasing problem for many firms. There are three risks in
Reckless Trading
As a remedy for creditors who have lost money in a liquidation, pursuing a director under Section
CASE STUDY – FIBRE SOLUTIONS*
The Background Fibre Solutions was a contracting company based in Henderson. It had twenty staff
Case Study – Ranolf Company Limited
The Background The directors of Ranolf were siblings and were heirs to a Rotorua property empire