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 ... read more.
Posts in “News” category
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 ... read more.
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 ... read more.
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 ... read more.
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 ... read more.
Photo courtesy of CDC Global Here’s a ready-made article for your clients With a new financial year starting, it’s timely to comment about the importance of keeping complete and accurate accounting records. We know you’ve just been through your busiest time as an accountant, and you’re probably trying to forget how many ... read more.
Photo courtesy of Surrey County Council News It’s not as straightforward as you would think It is understandable that creditors want to get paid. They’ll suggest all avenues possible within the course of business and law, including suing directors personally, to reclaim funds owed. Creditors often ask us three questions in their ... read more.
Photo courtesy of Thomas Angermann Give your client another option to consider We bet you’re wondering: “Why would a company choose to undergo a solvent liquidation? How would a company even find itself in this position?” Essentially, a solvent liquidation is a liquidation where the directors declare their organisation will be able ... read more.
The holidays are over, which means it’s time to get back to business. As you know, the beginning of the new year is an ideal time to assess how your company is tracking — and your clients will be busy doing the same. The end of the fiscal year is also settling upon ... read more.
Many businesses struggle through the holiday season, either due to a forced shutdown or unexpectedly low sales. When the 15th of January comes around and the taxes are due, many companies find it difficult to pay their bills. Is a Voluntary Administration the magic bullet solution for the problem? Simply put: No. ... read more.