PUBLICATIONS

If you have ever ‘stood-by’ a customer who is going through a rough patch by continuing to supply goods/services on credit and holding off on …

A company may be placed into liquidation by passing of a special resolution of its shareholders (see ss 106 and 241(2)(a) of the Companies Act …

So you want to serve a statutory demand. What does it mean? What are the consequences? What must the debtor do and by when? …

Most commonly, creditors appoint a liquidator by utilising the statutory demand process (if the debt is more than $1000) and then if unsatisfied, file an …

On Occasion, it is useful to appoint an ‘interim liquidator’ to hold the fort while the usual process is traversed. The Court may appoint an interim …

Liquidation of Corporate Trustees. It is well reported that New Zealanders are keen establishers of trusts. Thanks to trusts, property owners are able to create comfort …

Receivership is a process in which a secured creditor appoints a receiver to collect and sell the debtor’s assets over which the secured creditor has …

If debtors don’t or can’t pay, it can result in bankruptcy. Bankruptcy can occur when an individual is unable to pay their debts as they …

If a debtor is unable to repay its debts and believes there is no prospect of this changing, the No Asset Procedure (“NAP”) provides an …

Part 5 of the Insolvency Act 2006 enables a debtor to enter into an arrangement with creditors. Part 5 may be a good alternative for …

An attachment order is an order directing the judgment debtor’s employer to deduct a specific sum (or percentage) of the judgment debtor’s wage/salary (or even …

If you have judgment, you can possibly obtain a warrant to seize property and sale, possession, charging and garnishee orders. All these options provide the …

Bankruptcy is a way to relieve a person of debts they owe to creditors, and where possible, repay those debts from the bankrupt’s estate. It …