Business Recovery and Insolvency

Liquidation is the most common form of insolvency in New Zealand. It occurs when a company is unable to pay its debts as they fall due, signalling the end of its trading operations. In this process, a liquidator is appointed to realise the company’s assets and distribute the proceeds to its creditors. 

We specialise in guiding businesses through this process, ensuring a structured closure while protecting the interests of creditors and stakeholders. Our team manages all aspects of the liquidation, from asset realisation to debt settlement, with a focus on delivering a clear and effective resolution for all parties involved. 

Solvent liquidation occurs when a company chooses to voluntarily close or exit the market, as it is able to settle its debts in full. This process is typically used for companies looking to cease operations, distribute remaining assets to shareholders, and fulfil all legal obligations. 

We guide businesses through the solvent liquidation process, ensuring a smooth, efficient closure while protecting shareholder interests. Our team manages the entire process, from legal compliance to asset distribution, with a focus on maximising returns and ensuring all affairs are properly settled. 

Receivership is initiated when a company in financial distress appoints a receiver to take control of its assets on behalf of creditors. The receiver’s role is to secure and sell assets to repay outstanding debts, often with a view to recovering the greatest value for creditors. 

Our team provides expert receivership services, managing the process efficiently and professionally. We work closely with stakeholders to protect assets, maximise recoveries, and resolve financial challenges, ensuring a structured approach to the receivership process. 

Voluntary administration provides companies in financial difficulty an opportunity to restructure and avoid liquidation. It is typically used by businesses that are trading profitably but have debts that make them insolvent. The process allows companies to temporarily suspend creditor actions while working on a plan to return to solvency, often through debt restructuring or renegotiation. 

We guide businesses through the voluntary administration process, helping them restructure and negotiate with creditors. Whether initiated by the board or through court application, we assist throughout the 30-day administration period and the subsequent watershed meeting, focusing on stabilising the business and ensuring the best possible outcome for all parties involved. 

A creditor compromise is a formal agreement in which a company negotiates with creditors to reduce or restructure its debt obligations, typically through a partial settlement. This solution helps businesses avoid liquidation and continue operations while resolving their financial difficulties. 

We facilitate creditor compromises, working with both the company and creditors to reach a fair and practical settlement. Our team ensures the process is managed efficiently, with a focus on achieving the best possible outcome for both parties and helping businesses regain financial stability.