Bankruptcy stories
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.
Construction firms are under pressure as insolvencies account for a quarter of all business failures, with New Zealand now watching closely.
Warnings that Australia’s builders are at breaking point have prompted calls for urgent reform to deliver the USD $110 billion pipeline.
Smaller contractors can be left tens of thousands of dollars out of pocket when builders collapse, prompting calls for stronger protections.
A Christchurch builder has been fined after admitting the first prosecution under New Zealand's new asbestos rules, following unsafe demolition work.
Former Blue Chip boss Mark Bryers has been discharged from his five-and-a-half year bankruptcy, though he's banned from acting as a manager or directo.
On its day of admitting bankruptcy, Tintri can now be brought back from the brink after Data Direct Networks made a bid for acquisition.
While news on the future of Avaya has triggered speculation on the direction of the company, Avaya Australia & NZ assures it is business as usual.
Claims against two Optimizer HQ subsidiaries are likely to hit $11.3 million, with liquidators reviewing the sale of business assets pre-liquidation.
Mako Networks in liquidation, Spark steps in as secured creditor to appoint receivers, thwarting the tech firm's financial tailspin.
Westcon New Zealand celebrates 35% annual growth and eyes further market expansion with new hires and vendor deals, including exclusive partnerships.
