Spotting financial distress early can be the difference between stabilising a business and watching problems escalate. Directors have legal duties to act in the best interests of creditors once insolvency becomes a real risk, which means early action is essential. This guide explains the key early warning signs of insolvency and the practical steps directors…
Discover how insolvency affects you and what steps to reduce personal liability Overview If you are a company director with a director’s loan account (DLA), it is important to understand how insolvency affects your personal position. When a company enters financial difficulty, the way your loan account has been managed can significantly increase or reduce…
First report into liquidation of Timaru-based South Island engineering workshop released The Press Read the original article here
Auckland grocer tries to serve bankruptcy notice on Smiths City owner The Press Read the original article here
Artechno Growsystems was declared bankrupt on Tuesday last week. The week before, the company filed for suspension of payments. At the time, a statement expressed the hope of securing the company’s future by raising new financing. “We are convinced that Artechno has…
Artechno Growsystems was declared bankrupt on Tuesday last week. The week before, the company filed for suspension of payments. At the time, a statement expressed the hope of securing the company’s future by raising new financing. “We are convinced that Artechno has…
Impex Ferro Tech Limited Conducts 25th Committee of Creditors Meeting Under Corporate Insolvency Resolution Process scanx.trade Read the original article here
LDPE recycler Repeats files for insolvency Plastics News Read the original article here
Decisions on appointing legal counsel and statutory compliance firms were postponed, alongside Resolution Professional expenses, during Unitech International Ltd’s 6th Committee of Creditors (CoC) meeting on March 2, 2026. An addendum to Form G, vital for inviting resolution plans, however, received unanimous approval. Reader Takeaway: CIRP timeline faces potential delays as critical appointments are postponed;…
Jigsaw’s CVA is no escape for business rates says English Court Taylor Wessing Read the original article here