Business Restructuring Services
Tailored insolvency solutions for your business recovery
Options for business recovery, restructure, and rehabilitation
With expert knowledge of insolvency law and an understanding of the human impact of business failure, we provide a clear path through a complex and often overwhelming situation.
BWA Insolvency’s services include voluntary administration, receivership, liquidation and company restructuring, each offering a unique process to meet unique needs. You don’t have to navigate this difficult time alone.
Learn more about how our services and support can help you move towards a fresh start.
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.