Liquidation Stories - Page 2

Kiwi Stories

Liquidation stories

Insolvency triggers record auction

Creditors will see proceeds from more than 350 pieces of late-model earthmoving kit sold in New Zealand's biggest insolvency auction of its kind.

By Staff Writer • 2 min read • Sun, 2nd Apr 2023

PledgeMe

$1.5 million owed to creditors in collapse of WhitelabelNZ

We summarise the creditors and financial position of third part sales agency WhiteLabel which is now in liquidation.

By Sean Mitchell • 2 min read • Thu, 16th Feb 2023

Human Capital Management

Certainty for trades in an uncertain economic environment

Rising costs, labour shortages and patchy demand are forcing trades firms to adapt fast as construction failures mount and projects stay funded.

By Staff Writer • 4 min read • Tue, 13th Sep 2022

Risk & Compliance

Liquidation no escape from health and safety accountability

WorkSafe says directors remain liable after insolvency, as a painter’s death in Bucklands Beach exposed failures to use edge protection.

By Michael Curreen • 2 min read • Fri, 29th Jul 2022

Software-as-a-Service

Digital solutions to the financial complexities of construction

Payment disputes and tougher retention rules are pushing construction firms towards digital tools to avoid fines and delays.

By Michael Curreen • 5 min read • Wed, 3rd Nov 2021

Construction

Downfall of Arrow reflects high risk of construction

Contractors and subcontractors face fresh losses as Arrow’s collapse highlights mounting pressure and disputes over risk in New Zealand building work.

By Staff Writer • 2 min read • Thu, 28th Feb 2019

BizDojo

UPDATED: ATEED in talks with BizDojo Auckland liquidators to discuss recoveries

The liquidator first report states that BizDojo Auckland Ltd has not been able to provide a balance sheet and does not own any assets.

By Kai Ping Lew • 3 min read • Fri, 2nd Feb 2018

Synnex

Books close on Mecari with 13.86 cents in the dollar payout to creditors

Unsecured creditors of failed POS distributor Mecari, previously known as Pos Pos, have received small payments as the company's liquidation winds up.

By Heather Wright • 2 min read • Mon, 11th Jul 2016

Global Stories

Liquidation stories

Crowdfunding

It's official, WhiteLabel NZ goes into liquidation

The story of WhiteLabelNZ has ended abruptly with the company's liquidation following an unsuccessful fundraising campaign.

By Tom Raynel • 3 min read • Mon, 16th Jan 2023

Crowdfunding

Whitelabel NZ fundraising effort fails to meet goal

Whitelabel NZ's failed fundraising campaign and alleged misleading information about its business practices have raised concerns.

By Zach Thompson • 2 min read • Mon, 5th Dec 2022

Crowdfunding

The imminent failure of WhiteLabel NZ, liquidation next?

Outsourced sales & marketing company, WhiteLabel NZ, faces financial troubles as staff leave & funds are owed. #BusinessNews #WhiteLabelNZ.

By Sean Mitchell • 4 min read • Thu, 1st Dec 2022

Data Analytics

Up to $2.4 million shortfall in the collapse of IndeServe

Networking service provider IndeServe has appointed liquidators, with a potential shortfall of between $1 million and $2.4 million.

By Sean Mitchell • 2 min read • Fri, 1st Jul 2022

Data Analytics

Longstanding Kiwi field service contractor Indeserve in liquidation

IndeServe, a longstanding local service contractor that has worked with companies including IBM, Fujitsu and Datacom, has voluntarily filed for liquidation.

By Zach Thompson • 3 min read • Fri, 3rd Jun 2022

Crypto

NFT trends and opportunities: expert reveals all

The NFT market is growing at an exponential rate, with unprecedented liquidity. Here we explore how businesses can profit.

By Michael Kodari • 4 min read • Fri, 13th May 2022

Software-as-a-Service

Hills and Milestone Systems to trade punches in court

Hills Limited slams Milestone Systems' request to have it wound up, calling it an abuse of power, as both companies prepare for a court battle this month.

By Jacques-Pierre (JP) Dumas • 2 min read • Fri, 16th Feb 2018