Liquidation

Company Liquidation in NZ

Liquidations are often referred to as the start of the end of a company and usually, this is the case. The liquidation of a company can occur via several routes however in most cases, where the company decides it can no longer continue to trade as it is insolvent, the shareholders will appoint a liquidator.

If you’re looking for liquidators in Auckland, then we’re here to help, but of course we work NZ wide with liquidation services in NZ.  Company Liquidation NZ services are what we offer.

Another common method of liquidation is via the High Court. This occurs when a creditor of the company petitions to liquidate the company by issuing a statutory demand. If the statutory demand goes unremedied, then that creditor can apply to the High Court to put the company into liquidation.

In rare instances, the board of a company is able to appoint a liquidator to the company. However, this is possible only if the constitution of the company specifically allows for the board to make this decision as voluntarily appointing a liquidator to a company is a shareholder decision.

If you are a shareholder of a company that needs to discuss insolvency options or a creditor who is looking to enforce a debt or has issued a statutory demand against a company, please contact us to discuss the options available to you.

Note: From 17 June 2020, all insolvency appointments including liquidations must be undertaken by a licensed insolvency practitioner. The Insolvency Practitioners Regulation Act 2019 obtained royal assent on 17 June 2019 requiring insolvency practitioners that take appointments be licensed. Accredited Insolvency Practitioners with CA ANZ and/or RITANZ are likely to obtain a license automatically as they are already subject to the current accreditation regime.

 

Other areas in Liquidation: Voluntary, Court Appointed, Solvent, Liquidator Auckland.

 

Khov Jones is a specialist insolvency and consulting firm that delivers practical solutions to clients that encounter often challenging and complex issues.

With over 20 years of commercial experience providing specialist advice we have the skills and expertise to provide robust advice to clients when it counts.

Our specialist insolvency areas include liquidations, receiverships, voluntary administration and creditor compromises. We also undertake forensic accounting assignments and consult to our clients on insolvency related matters.

CONTACT

Auckland Office: 59 Apollo Drive, Albany, Auckland 0632

Waikato Office: Level 7, 711 Victoria Street, Hamilton 3204

Postal: PO Box 302261, North Harbour, Auckland 0751

Phone: 0800 275 554

Email: contact@khovjones.co.nz