The recent High Court Annual Report demonstrates a continuing increase in insolvency proceedings.
The number of new insolvency proceedings continues to rise, with 2025 seeing an increase of 9.7% from the prior year. Since 2023, the majority of new insolvency proceedings have been filed in Auckland.
The number of company liquidation applications filed has also increased steadily since about May 2022. This increase is almost entirely driven by new applications in the Auckland Circuit.
What’s behind it?
The Economic Climate
The increases in insolvency proceedings and liquidation applications are unsurprising given the current economic climate. In the High Court’s Annual Report, Associate Judge Lester noted that the “tight…