Results for New Zealand
- First Rise In Bankruptcies Since 2009
The number of people going bankrupt has ticked up for the first time since 2009 when fallout from the global financial crisis reached its peak, The New Zealand Herald reported. Figures from the Insolvency and Trustee Services show 1979 people went ba ...
Daily Headline - global.abi.org - 07/26/2015 - 21:23 - 0 comments
- Cross-Border: Can a Bankrupt's Pension be used to Pay Creditors? The Search for Clarity in New Zealand and the UK
How does the objective of achieving payment for creditors in insolvency interact with the objectives of pension legislation, which seeks to ensure that individuals are adequately provided for in retirement? The courts in New Zealand and in the UK have ea ...
Resource Article - abi_admin - 07/03/2015 - 09:32 - 0 comments - 0 attachments
- KordaMentha Concludes Receivership Of Somers-Edgar's Orange
The receivers for Doug Somers-Edgar's Orange Finance have concluded their work with a shortfall of about $10 million in principal and interest owed to debenture holders of the failed company, Scoop.co.nz reported. Orange froze repayments to some 2,5 ...
Daily Headline - global.abi.org - 06/29/2015 - 22:01 - 0 comments
- Company Under SFO Probe Goes Into Receivership
A Christchurch-based investment company at the centre of a Serious Fraud Office and Financial Markets Authority probe has been placed in receivership, Stuff.co.nz reported. The development will be bad news for hundreds of nervous investors in the company ...
Daily Headline - global.abi.org - 05/27/2015 - 22:58 - 0 comments
- NZF Enters Voluntary Administration As Reverse Listings Fail
NZF Group, the former financial services company, has entered voluntary administration after its second reverse listing proposal fell through, Scoop.co.nz reported. Last month the Auckland-based finance company said it would look to find a way to return ...
Daily Headline - global.abi.org - 05/07/2015 - 22:43 - 0 comments
- Court Decision On Insolvency Victory For The Little Guy
Small business owners, particularly in the construction industry, should be breathing a sigh of relief this week. The Supreme Court has delivered a decision which upholds their rights to keep payments made by companies which subsequently go into liquidat ...
Daily Headline - global.abi.org - 02/19/2015 - 22:41 - 0 comments
- Vincent Aviation Enters Receivership
Wellington-based aviation company Vincent Aviation, which has about 30 workers, has gone into receivership, Stuff.co.nz reported. In a public notice released today, Stephen Tubbs from BDO was appointed receiver of the company, which was established in 19 ...
Daily Headline - global.abi.org - 10/23/2014 - 21:22 - 0 comments
- Helipro Put Into Receivership
Well-known helicopter company Helipro has put itself into receivership, Stuff.co.nz reported. Helipro employs about 70 staff, with eight bases throughout New Zealand and operations in Fiji and Australia. As well as commercial and tourism helicopter fligh ...
Daily Headline - global.abi.org - 10/07/2014 - 19:58 - 0 comments
- VnC Cocktails, Makers Of Disick Drink, In Final Death Throes
New Zealand shake and pour cocktails company VnC Cocktails has gone into liquidation after failed attempts to sell it, Sharechat.co.nz reported. The company went into voluntary administration on June 30, was then tipped into receivership a few days later ...
Daily Headline - global.abi.org - 09/10/2014 - 21:46 - 0 comments
- Zip For Unsecured Postie Plus Creditors
There's no money in the pot for unsecured creditors of Postie Plus, its administrator says, NZCity reported. The nationwide clothing retailer had 650 employees and 81 stores when it it went into voluntary administration in June, and 580 kept their j ...
Daily Headline - global.abi.org - 09/07/2014 - 21:38 - 0 comments