Insolvency

While we strive to ensure that business ventures don’t end up in this situation, it is a responsible and necessary part of our business management services. We have the expertise to make informed, timely decisions which provide creditors with the best return achievable. Commonly, many liquidators and receivers costs equate to a substantial portion of the business proceeds. We are conscious of cost and know that this is a priority for you. A Liquidator or Receiver's duty is to preserve the assets of the company, realise them and distribute the proceeds to creditors based on legislated priorities. Liquidation may not be the best option and there could be other ways to deal with what could seem to be an impossible position such as: creditors compromise change in cost and management structure refinancing If the business is not viable, we will take steps to minimise further losses and realise the company assets.

For enquiries please contact: Glen Stapley glen@duns.co.nz