Liquidation
Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
5th Mar 24, 5:00am
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Centrix says as consumer arrears climb, the flow on effect continues to impact Kiwi businesses. Overall business defaults were up 28% year-on-year in January 2024, while company liquidations were up 16% over the same period
Failed Auckland cryptocurrency exchange Dasset comes under Serious Fraud Office investigation
26th Feb 24, 1:19pm
5
Failed Auckland cryptocurrency exchange Dasset comes under Serious Fraud Office investigation
Failed NZ businesses leave a trail of destruction. Here are 3 things Inland Revenue could do to minimise damage
28th Jul 23, 11:33am
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Failed NZ businesses leave a trail of destruction. Here are 3 things Inland Revenue could do to minimise damage
Credit bureau Centrix says while homeowners contend with rising mortgage interest rates and the financial squeeze, business owners are grappling with lower activity and spending
4th Jul 23, 5:00am
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Credit bureau Centrix says while homeowners contend with rising mortgage interest rates and the financial squeeze, business owners are grappling with lower activity and spending
Public money to prop up Ruapehu ski season, Regional Development Minister Kiri Allan says
26th Jun 23, 8:06pm
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Public money to prop up Ruapehu ski season, Regional Development Minister Kiri Allan says
Credit bureau Centrix says the current economic climate is 'putting pressure on households across New Zealand'
1st Mar 23, 5:00am
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Credit bureau Centrix says the current economic climate is 'putting pressure on households across New Zealand'
'The gloves are off': Inland Revenue gets back to business chasing tax debts
Paul Mazzola & Mitchell Goroch look at FTX's demise from the perspective of retail investors noting they're largely on their own
12th Dec 22, 1:47pm
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Paul Mazzola & Mitchell Goroch look at FTX's demise from the perspective of retail investors noting they're largely on their own
Centrix managing director Keith McLaughlin says anticipation of a recession is affecting consumers' payment behaviour
4th Oct 22, 5:00am
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Centrix managing director Keith McLaughlin says anticipation of a recession is affecting consumers' payment behaviour
Centrix managing director Keith McLaughlin says a simultaneous increase in demand for credit, and in arrears, points to people being under pressure to meet repayment obligations
1st Sep 22, 5:00am
10
Centrix managing director Keith McLaughlin says a simultaneous increase in demand for credit, and in arrears, points to people being under pressure to meet repayment obligations
Centrix monthly credit report highlights a rise in the number of people missing consumer debt payments for 3 straight months & more than 100 construction company liquidations so far in 2022
5th Jul 22, 5:00am
7
Centrix monthly credit report highlights a rise in the number of people missing consumer debt payments for 3 straight months & more than 100 construction company liquidations so far in 2022
Trustee of NZ foreign trust turns to the High Court in attempt to recover more than $2.3 million from Vivier and Company
9th Feb 22, 5:04pm
2
Trustee of NZ foreign trust turns to the High Court in attempt to recover more than $2.3 million from Vivier and Company
New Zealand man, and former Worldclear employee Richard Whitham, pleads guilty to removing more than S$1 million from Singapore that wasn't his
10th Jul 21, 8:46am
3
New Zealand man, and former Worldclear employee Richard Whitham, pleads guilty to removing more than S$1 million from Singapore that wasn't his
Government extends business debt hibernation scheme for 10 months, despite the wage subsidy and other support measures only seeing 15 firms use the relief in full
1st Dec 20, 6:40am
4
Government extends business debt hibernation scheme for 10 months, despite the wage subsidy and other support measures only seeing 15 firms use the relief in full
Chartered accountants say Government Covid support measures have had unintended consequence of propping up businesses that would have failed in normal times
3rd Sep 20, 1:16pm
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Chartered accountants say Government Covid support measures have had unintended consequence of propping up businesses that would have failed in normal times
Government commits to temporary law change to enable businesses to put existing debt into 'hibernation' and give directors a 'safe harbour' from insolvency duties
3rd Apr 20, 3:32pm
20
Government commits to temporary law change to enable businesses to put existing debt into 'hibernation' and give directors a 'safe harbour' from insolvency duties
Broader questions raised about the David Hillary controlled NZ company Worldclear as one of its former employees remains holed up in a Singapore prison
13th Feb 20, 5:00am
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Broader questions raised about the David Hillary controlled NZ company Worldclear as one of its former employees remains holed up in a Singapore prison
CBL shareholders seek redress for failure of the $747 million company; Harbour Asset Management and Argo Investments to lead class action against former directors
18th Oct 19, 2:41pm
2
CBL shareholders seek redress for failure of the $747 million company; Harbour Asset Management and Argo Investments to lead class action against former directors
Wellington Phoenix owner Welnix left out of pocket by sponsorship deal with unlicensed forex company Fullerton Markets
14th Oct 19, 12:00pm
1
Wellington Phoenix owner Welnix left out of pocket by sponsorship deal with unlicensed forex company Fullerton Markets
Stanley Group and Tallwood Holdings in liquidation after under-pricing a Housing New Zealand project in Auckland, liquidator says
13th Sep 19, 12:10pm
20
Stanley Group and Tallwood Holdings in liquidation after under-pricing a Housing New Zealand project in Auckland, liquidator says
Former foreign exchange broker pleads guilty to fraud charges in SFO case following the collapse of Forex Brokers Limited
23rd Jul 19, 1:24pm
Former foreign exchange broker pleads guilty to fraud charges in SFO case following the collapse of Forex Brokers Limited
Fund manager who held major CBL stake contrasts RBNZ's 'very public discourse' around bank capital requirements with its caution about speaking out about an under-capitalised insurer
5th Jul 19, 11:42am
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Fund manager who held major CBL stake contrasts RBNZ's 'very public discourse' around bank capital requirements with its caution about speaking out about an under-capitalised insurer
Independent review finds the RBNZ had concerns about CBL Insurance's solvency from the time it was licensed, but never intervened with any real force; Says the regulator should've deterred the company's parent from floating on the stock exchange
3rd Jul 19, 1:10pm
6
Independent review finds the RBNZ had concerns about CBL Insurance's solvency from the time it was licensed, but never intervened with any real force; Says the regulator should've deterred the company's parent from floating on the stock exchange
Foreign exchange broker Russell Maher whose company Forex Brokers Ltd is in liquidation, enters no plea to fraud charges brought by the Serious Fraud Office
11th Jun 19, 10:37am
5
Foreign exchange broker Russell Maher whose company Forex Brokers Ltd is in liquidation, enters no plea to fraud charges brought by the Serious Fraud Office
Liquidator of ex-NZ financial service provider Asia Finance Corporation, previously London Capital NZ, doesn't believe four of seven creditors exist
17th May 19, 7:02am
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Liquidator of ex-NZ financial service provider Asia Finance Corporation, previously London Capital NZ, doesn't believe four of seven creditors exist