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Liquidation Stories

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Liquidation stories

ITPNZ faces liquidation as debts mount & membership declines
Certification

ITPNZ faces liquidation as debts mount & membership declines

ITPNZ faces liquidation due to historic debts and declining membership, with a vote on the future set for 23 October, urging members to withhold renewals.

By Sean Mitchell • 5 min read • Thu, 9th Oct 2025
Safeguards for subcontractor funds
Small Business

Safeguards for subcontractor funds

Subcontractors in New Zealand could recover more than NZD $2.1 million after a High Court ruling said retention funds must be ringfenced in trust.

By Staff Writer • 4 min read • Wed, 17th Sep 2025
Heed the heed warning signs
Manufacturing

Heed the heed warning signs

New Zealand firms are feeling the strain as insolvencies jumped 31% in the first quarter, with construction failures up 44%.

By Staff Writer • 3 min read • Wed, 7th May 2025
Dick Smith Electronics' Liquidation reveals grim financial state after seven years
Dick Smith

Dick Smith Electronics' Liquidation reveals grim financial state after seven years

KPMG's latest report on Dick Smith Electronics' liquidation reveals NZ$245.5M in secured debt and ongoing legal battles.

By Sean Mitchell • 2 min read • Fri, 1st Sep 2023
Vehicle failure results in fatality
Victim support

Vehicle failure results in fatality

A coroner found brake failure and driver errors caused the crash that killed 11-year-old Hannah Francis, leaving dozens injured.

By Michael Curreen • 5 min read • Thu, 24th Aug 2023
Insolvency triggers record auction
Supply Chain

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
$1.5 million owed to creditors in collapse of WhitelabelNZ
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

Global Stories

Liquidation stories

Hudson's Bay collapse ends 355 years of Canadian retail
Risk & Compliance

Hudson's Bay collapse ends 355 years of Canadian retail

Canada's oldest retailer closed all stores after 355 years, undone by debt, digital change and declining footfall.

By Karen Joy Bacudo • 5 min read • Tue, 3rd Mar 2026
DTCC unveils digital collateral management platform
Blockchain

DTCC unveils digital collateral management platform

The Depository Trust has unveiled a digital collateral management platform, set for live demonstration on 23 April, to enhance institutional DeFi operations.

By Catherine Knowles • 3 min read • Mon, 7th Apr 2025
Aryza launches financial software solution in UK and Ireland
IT Automation

Aryza launches financial software solution in UK and Ireland

The platform is designed to help businesses to optimise receivables management and generate more liquidity, according to the company.

By Catherine Knowles • 3 min read • Thu, 20th Jul 2023
It's official, WhiteLabel NZ goes into liquidation
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
Whitelabel NZ fundraising effort fails to meet goal
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

Stories from Other Regions

Liquidation stories

Parcelhero says High Street closures beat 2030 forecast
Fintech

Parcelhero says High Street closures beat 2030 forecast

UK town centres have lost 122,682 stores since 2016, outstripping Parcelhero's 2030 closure forecast and deepening pressure on the High Street.

By Mark Tarre • 6 min read • Fri, 24th Apr 2026
Mid-sized fintech firms squeezed out as funding tightens
Fintech

Mid-sized fintech firms squeezed out as funding tightens

Higher rates and tougher investor scrutiny are forcing mid-tier fintechs into sales, restructuring or shutdown as capital pools shrink.

By Karen Joy Bacudo • 4 min read • Mon, 20th Apr 2026
Ireland insolvencies fall 7% as creditor enforcement rises
Deloitte

Ireland insolvencies fall 7% as creditor enforcement rises

Irish insolvencies fall 7% to 812 in 2025, but court liquidations and receiverships surge as creditors and tax authorities tighten enforcement.

By Karen Joy Bacudo • 4 min read • Mon, 12th Jan 2026
Explainer: The spectacular collapse of Apple's Buzzle stores
Apple

Explainer: The spectacular collapse of Apple's Buzzle stores

Buzzle, formed as Apple's largest Australian reseller in 2000, collapsed within six months amid the dot‑com bust, sparking a precedent‑setting legal battle with Apple.

By Sean Mitchell • 6 min read • Thu, 23rd Oct 2025
Renowned insolvency expert Michael Makridakis joins Taylor David
Liquidation

Renowned insolvency expert Michael Makridakis joins Taylor David

Michael Makridakis has joined Taylor David as a Partner, bringing over 20 years' experience in multi-jurisdictional insolvency to the renowned law firm.

By Imee Dequito • 3 min read • Mon, 16th Sep 2024