Dragonboat restaurant opened in the 1990s, and is now going into liquidation, owing at least 1.4 million dollars to creditors.
Photo: RNZ / Yiting Lin
The rising cost of living and a pandemic hangover have put the pressure on businesses, sending nearly 1300 into liquidation already this year.
New Zealand is riding its highest wave of company liquidations in more than a decade, with thousands of businesses folding and countless livelihoods caught in the crossfire.
Many more are holding on, but just.
In the first half of this year alone, 1270 businesses have shut their doors – a 12 percent increase on this time year.
It’s now anticipated that the total number of liquidations for the year will…