New Zealand’s economists have spent much of 2026 telling business owners the worst is behind them. The liquidators are telling a different story. As at the end of September, creditors had filed 1,072 winding-up applications and there had been 2,411 corporate insolvency appointments, a pace that puts this year on course for the highest annual…
There’s no sign of the rate of business failure slowing, despite hopes the economy may be inching towards recovery. Insolvency practitioner Keaton Pronk, of McDonald Vague, said, at the end of September, there had been more winding up applications in the year to date than in any other year for the past 10 years. He…
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Luxury party boat’s ex operator sinks with $4.5m debts The Weekly Times Read the original article here
‘It destroyed me’: Decades-old Invercargill motorcycle business goes bust owing more than $500,000 ODT Read the original article here
Love coach’s firm collapses owing one creditor almost half a million dollars The Courier Mail Read the original article here
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India Power Creditors to Weigh Extension of Insolvency Resolution Timeline TipRanks Read the original article here
Wires, cables and fast-moving electrical goods maker Polycab India Ltd on Tuesday (October 13) said the National Company Law Appellate Tribunal (NCLAT) has stayed the National Company Law Tribunal’s (NCLT) order admitting an insolvency petition against the company over alleged operational dues of ₹2.79 crore. The order, passed by the NCLT Ahmedabad Bench on October…
NAIROBI, Kenya, Oct 13 – Two co-operative societies, Kenton Kijabe Hill Co-operative Society Limited and Nitunze Sacco Society Limited, have been placed under liquidation, with creditors given 60 days to submit outstanding claims. The Commissioner for Co-operative Development appointed certified public accountant Benedict Abonyo Omollo as liquidator for both societies through notices dated October 7,…