Insolvencies: a catch-up year

Insolvencies: a catch-up year
There were warnings that as the government withdrew its covid-19 financial support and Inland Revenue cracked down on unpaid taxes, insolvencies would increase. (Image: Getty)
Riley Kennedy
If the forecasts are anything to go by, 2023 could be a big year for the insolvency industry. There were warnings at the start of last year that as the government withdrew its covid-19 financial support and the Inland Revenue Department (IRD) cracked down on unpaid taxes, insolvencies would increase. However, as the economic situation worsened, with the Reserve Bank of New Zealand (RBNZ) trying to engineer a recession for the latter part of 2023, even higher rates of insolvency were expected to follow. Restructuring Insolvency &a...

More Investments

Nike. Are they doing it?
Opinion

Simon Robertson: Nike. Are they doing it?

Business models are incredibly important. Nike’s is flaying.

Gold futures glitter on second-highest close
Investments

Gold futures glitter on second-highest close

Precious metal maintains its price despite market fluctuations. 

What's in a name? Du Val now Orange Pineapple
Property

What's in a name? Du Val now Orange Pineapple

The Du Val group has given its subsidiaries bizarre names such as Woodle.

Maria Slade 17 Jul 2024
Developer faces receivership and Serepisos action
Property

Developer faces receivership and Serepisos action

A Black Robin entity set up to develop alpine villas in Queenstown is the latest to fail.

Maria Slade 16 Jul 2024