A High Court finding this month that a liquidator fabricated a key document and failed to account for receipts of over half a million dollars
Liquidators are not limited to the procedure set out in section 295 of the Companies Act to recover a debt once an insolvent transaction has been set
Liquidators must seek a court order to recover an insolvent transaction - even where the creditor has not objected in time to a notice under section
The Court of Appeal has confirmed that the New Zealand Bankers’ Association (NZBA) deed of priority, widely used in the market, limits a mortgagee’s priority only in a mortgageereceivership sale.
Registration will be mandatory under the Insolvency Practitioners Bill as reported back to the House by the Commerce Committee.