Covid collapse: waiting for the liquidation wave

Wed, 30 Sep 2020

With various government supports drying up, insolvency experts estimate businesses damaged by covid-19 restrictions will hold on until Christmas but collapses are expected next year.BusinessDesk analysis of liquidation advertisements in the New Zealand Gazette shows that, despite a record contraction in economic activity, there have actually been fewer liquidations in 2020 to date, compared with previous years when the economy was growing.The number of liquidations in the eight months to Aug. 31 stands at 1,172, compared with 3,193 for the same...

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