The number of insolvencies for the year ending June is expected to drop by 40 per cent both here and in Australia. Photo / Getty Images
When the Covid-19 lockdown occurred in March of last year, insolvency practitioners braced themselves for a wave of receiverships and liquidations. It didn’t happen.
In fact, the number of insolvencies for the year ending June is expected to drop by 40 per cent both here and in Australia, according to Michael Harper, a partner with Chapman Tripp specialising in finance, restructuring and insolvency.
There were 228 administered liquidations in New Zealand between July last year and April this year compared with 299 for the same period in 2019-20.
In June last year liquidator, receivership or voluntary ad…
Read the full article at: https://www.nzherald.co.nz/business/capital-markets-report-insolvency-experts-spending-more-time-advising-than-handling-liquidation-applications/4NEMB5SND65TLVOPTQOZMUFP5I/
