Liquidation can be sought on small debts, appeal court finds

Fri, 13 Sep 2019

By Victoria Young Sept. 13 (BusinessDesk) - A company could be liquidated over a debt as small as $1,000 thanks to a Court of Appeal ruling. The appeal court this week said associate judge Roger Bell was wrong to consider proportionality when he decided Luxury Rentals NZ shouldn’t be moved into liquidation. The judge said the company shouldn’t be declared insolvent because the liquidator's fees as proposed were likely to total much more than the $1,000 to be collected. EY Entrepreneur of the Year finalist Richard Conway’s Pure SEO...

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