Insolvency Statistics – February 2015 Market Commentary Dairy farmers are under significant pressure at the moment with low dairy prices. The prospects don’t look great with the prospect of a drought in parts of the country. It does make you wonder how much pressure the average dairy farmer can take. read more.
Old Value versus New Value Insolvency practitioners are waiting with interest for the release of a Supreme Court decision in relation to insolvent (voidable) transactions. The reserved judgment is an appeal from a 2013 Court of Appeal decision in relation to three creditors who were subject to insolvent transaction actions from liquidators. ... read more.
Economic Disparity Claims S.15 Property (Relationships) Act 1976 On separation, you may be able to claim a larger share of the available assets because of the division of duties during the relationship. For simplicity let us refer to the parties as husband and wife (we are somewhat old-fashioned) they could be partners, same ... read more.
Insolvency Statistics – January 2015 A Year in Review 2014 was a slow year for insolvency appointments which have dropped to levels not seen since before both the GFC and the finance company crashes. The graph below shows the insolvency appointments (liquidations, receiverships and administrations) for the last four years. The drop is clear, ... read more.
Market Commentary – January 2015 The situation in Greece is worrying and the potential knock on effect to the rest of the world cannot be underestimated. If their banks are allowed to fail, Europe will bear the brunt of the crisis but in this global economy no country will be truly safe from any ... read more.
Employees Preference in Liquidations Confirmed As a result of a November 7 decision of the Supreme Court concerning Jennings Roadfreight Limited, the right of Inland Revenue to claim funds in a company bank account at liquidation in preference to all other creditors has been denied. This effectively puts employees’ claims back at the top ... read more.
Insolvency Statistics – December 2014 Market Commentary It looks as though petrol prices are finally dropping. With the cost of crude oil over 40% less now than it was in June, it has taken a while for the cost saving to reach the pumps. US oil prices hit a 5 year low. Happy news ... read more.
Plan Your Exit! It is remarkable how many directors and shareholders do not have an exit strategy. The company becomes their life and they fail to consider what will happen when they eventually want to retire or, heaven forbid, become sick. An exit strategy is a vital requirement for any investor and should ... read more.
Insolvency Statistics – November 2014 Market Commentary It’s been a bit of an “up and down” month with global stock markets fluctuating amid both the Ebola scare and further terror threats from ISIS. As far as the NZ Economy is concerned, commodity prices dropped for the eighth month in a row with dairy ... read more.
Can an Administrator sell the company assets? The simple answer is yes but only if it is in the best interest of the creditors to do so. When a company is placed into Voluntary Administration, the administrator(s) must quickly decide if the company can be traded on and if a Deed of Company Arrangement ... read more.
