“It has been well reported that the Inland Revenue has a renewed focus on debt collection. As the Inland Revenue commissioner is the largest applicant creditor in New Zealand, we would expect activity to continue at current levels.”
As the Government and the country continues its economic recovery, the Herald is spotlighting the 10 largest liquidations by creditor claims this year to highlight the scale of those businesses.
10. Baby City Retail Investments: $7,295,520
New Zealand-owned-and-operated for over 30 years, retailer Baby City sold a range of nursery and baby products across the country. Originally owned by a company named Baby City Retail Investments, the business failed because of the combination of a deep recession and…