Understanding the role of an Insolvency Practitioner
Learn how an Insolvency Practitioner can help if your business is facing financial challenges and how they can assist with procedures such as Voluntary Administration (VA), company restructuring, and turnaround.
Insolvency in NZ: Quarterly Market Report Jun 23
The Quarterly Market Report paints a telling picture of the state of insolvencies in New Zealand. Q2 2023 has seen a 34% rise in insolvencies from last quarter.
What is a Statutory Demand? And what to do if you receive one.
Why have I received a Statutory Demand? Understanding the consequences of receiving a Statutory Demand is crucial in avoiding potential liquidation and resolving outstanding debts.
Insolvency in NZ: Quarterly Market Report Oct 22
The Quarterly Market Report paints a telling picture of the state of insolvencies in New Zealand. Q3 2022 has seen a 48% rise in formal appointments from the previous quarter.
The moratorium in the Voluntary Administration process
The process of Voluntary Administration automatically triggers a moratorium which freezes most action from creditors. Here’s what happens during Voluntary Administration.
BWA in the News: Bryan Williams INSOL Fellow
BWA Insolvency managing director and voluntary administration expert Bryan Williams has become the second person in New Zealand to be named a Fellow of global insolvency organisation Insol.
Company Liquidation – the real cost and who pays
The impact of a company going into liquidation hits owners and shareholders hard. But it doesn’t stop there. From employees to IRD, we take a look at the real cost of liquidation and who pays the price.
What to expect if you’re served a Statutory Demand
Received a statutory demand? Understanding the statutory demand process is your best chance to avoid liquidation. Make sure you understand your rights and the tight timeframes within which you must act.
Statutory Demands: Is IRD’s Covid-related leniency reaching its limit?
We were expecting to be busy when Covid first hit, but the predicted economic carnage didn’t materialise. And that’s largely down to the Government’s wage subsidy policy.