Welcome to BWA Insolvency
Insolvency & Voluntary Administration Experts
In challenging times, we provide businesses with a guiding light.
Expert guidance during turbulent times.
Insolvency is a complex and challenging process requiring expert knowledge of the law. For more than 30 years, BWA Insolvency has guided businesses through options for rehabilitation, company restructuring, administration and liquidation. As specialists in Voluntary Administration, we look for ways to prevent liquidation and help business owners find a way through.
Contact us for a confidential, no-obligation chat about your situation.
What is Voluntary Administration?
Voluntary Administration could be the lifeline your business needs.
The Voluntary Administration process is a legal model that can be used to help struggling companies get back on track. It is an alternative to liquidation. The moratorium in Voluntary Administration provides a pause while a qualified external administrator investigates the company’s financial position with the aim of saving the business and maximising returns to creditors.
Voluntary Administration is not for every company experiencing financial challenges but if creditor pressure is threatening the survival of a potentially viable business, then it is the option to consider.
Facing insolvency? You have options.
BWA Insolvency is the business recovery and company restructuring specialist.
Voluntary Administration is a formal insolvency process that allows companies to restructure and potentially avoid liquidation. VA provides breathing space where creditors are prevented from taking legal action, and the company can develop a plan to address debts and return to solvency.
When liquidation occurs, all other business survival options have been exhausted. Liquidation involves winding up the company's affairs and selling its assets to pay off debts to creditors. In New Zealand, liquidation must only be undertaken by a licenced insolvency practitioner.
If you are a secured creditor and unable to obtain money owed to you by a company, you can appoint BWA Insolvency to act as receiver. As creditor, we use our insolvency expertise to manage the business and sell its assets to repay debt and advise if liquidation is required.
When there is a desire to return to profitability, company restructuring is the model often preferred. A company may find a manageable way to pay off debts and avoid business closure through reorganising and restructuring financial affairs and operational behaviour.
Voluntary Administration
Voluntary Administration is a formal insolvency process that allows companies to restructure and potentially avoid liquidation. VA provides breathing space where creditors are prevented from taking legal action, and the company can develop a plan to address debts and return to solvency.
Liquidation
When liquidation occurs, all other business survival options have been exhausted. Liquidation involves winding up the company's affairs and selling its assets to pay off debts to creditors. In New Zealand, liquidation must only be undertaken by a licenced insolvency practitioner.
Receivership
If you are a secured creditor and unable to obtain money owed to you by a company, you can appoint BWA Insolvency to act as receiver. As creditor, we use our insolvency expertise to manage the business and sell its assets to repay debt and advise if liquidation is required.
Company Restructuring
When there is a desire to return to profitability, company restructuring is the model often preferred. A company may find a manageable way to pay off debts and avoid business closure through reorganising and restructuring financial affairs and operational behaviour.
How an expert insolvency practitioner can help
Are you struggling with slow cash flow, mounting creditor claims, and supplier cuts? It can be overwhelming to make business decisions beyond day-to-day survival, let alone envision a way out under this pressure. Seeking professional help early on can greatly increase your chances of business survival. With our expert understanding of the legal implications, BWA Insolvency provides independent representation that can lead to a solution that benefits everyone involved.
Let us work with you to find the way forward.
VA Success story — case study
Turning Crisis into Success:
How Voluntary Administration kept the doors open for a popular Masterton restaurant
Voluntary Administration (VA) has the power to not only rescue a business but also save jobs and significant prior investments. When the directors of Lone Star Masterton acted decisively to initiate VA and showed commitment to the process, we were able to turn a crisis into a brighter future for the restaurant and its 40 staff.
Insolvencies in New Zealand
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About BWA Insolvency
For over three decades, BWA Insolvency has been a trusted partner to countless businesses facing crisis.
Our focus is on business recovery using our extensive knowledge of the law and expertise in the model law of Voluntary Administration. We take pride in our ability to understand our clients’ needs and make the process as painless as possible during what is often one of life’s most stressful events. BWA Insolvency’s principal Bryan Williams is a Fellow of global insolvency organisation Insol International.
Testimonials
Insights and Resources
Insolvency in NZ: Quarterly Market Report June 2024
Business downturn doesn’t have to mean business failure
Liquidation or Restructure? How to make the right choice for your business
Ready to reach out?
Arrange a confidential and no-obligation conversation with our insolvency experts.