Consider two conflicting public policy goals: 1. In a liquidation all creditors are to be treated
“But I own it” – then PPSR it!
Imagine this You are in the business of supplying surfboards. Cool business to be in and you
Statutory Demands; What are they?
Description: A statutory demand is a legal demand issued against a company, demanding that the
It’s a Matter of “Trust”
Legend (okay, Wikipedia) has it that the history of trusts in English common law can be traced back
The Misconception of Limited Liability
Case 1: MASON V LEWIS Mr and Mrs Lewis were minority shareholders and also directors of a printing
Regulation of Insolvency
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