Need Support from an Insolvency Specialist? Talk to Tom. 

TomRodewaldAre you a stakeholder in a distressed business?  Is your business almost at the end of its life, or have you been served with demands, can’t pay your tax, and / or your creditors, if you owe more than you own – then you need to act very quickly!

Tom Rodewald has an excellent reputation as an Insolvency Specialist.  He has helped hundreds of companies through the court and voluntary liquidation processes – he keeps everything uncomplicated, and to the point and works with his clients helping to achieve the best possible outcome for everyone involved.

Tom is a qualified Chartered Accountant and works mainly in the fields of insolvency and business turnaround.  Tom has on the ground experience in different fields of business and understands from small through medium to large business, how they work and how they fail!  He has a team of specialists working alongside him and accepts assignments throughout New Zealand from Kaitaia in the North to Stewart Island in the South.  No job is too small or too large.

Rodewald Consulting works hard to rescue companies in trouble and if this isn’t possible we work with the parties involved to ensure a quick uncomplicated liquidation or receivership process is achieved.  Tom is available to talk  Call: 021 2277 408 

OUR SERVICES

S1

Insolvency

  • Liquidations
  • Receiverships
  • Creditor Compromises – Personal and Company
  • Voluntary Administration

S2

Business Advice

  • Bankruptcy
  • Debt Reduction Negotiations
  • IRD Debt Negotiations
  • Business Valuations
  • Forensic Reviews
  • PPSR Advice
  • Terms of Trade
  • Defending Voidable Transactions
  • Pre-Lending Reviews
  • Corporate Governance

S5

Restructuring

  • Raising Finance
  • Financing Structure
  • Sale of Business / Property / and or assets
  • Restructuring and Turnaround
  • Hive Downs

INDUSTRY SPECIALISTS

  • Building & Construction

  • Education

  • Engineering

  • Financial Services

  • Hospitality

  • Manufacturing

  • Retail & Service Industries

  • Rural & Agribusiness

  • Trucking and Logging

WHO WE CAN HELP

  • Accountants
  • Lawyers
  • Company Owners
  • Secured Creditors
  • Unpaid Creditors
  • Shareholders

SOME COMMON QUESTIONS AND ANSWERS

  • Cashflow difficulties including increase in use and size of overdraft, default in Inland Revenue
  • Unable to make compliance payments i.e. PAYE, GST, FBT and Income Tax,
  • Unable to pay creditors as they fall due or within an arranged payment period
  • Unable to purchase product/service on credit.
  • Wage and salary payments cannot be met

  • In a receivership the assets are realised for the benefit of the secured creditor who made the appointment.
  • In a liquidation the assets are realised primarily for the benefit of unsecured creditors.

  • Section 241 of The Companies Act allows a shareholder or director/s to pass a resolution to place the company in liquidation.
  • A shareholder resolution requires approval by 75% of the shareholders.
  • The resolution must be signed, dated and timed and the appointee liquidator(s) must consent to the appointment.

  • The costs of liquidations are borne by the company from asset realisations.
  • The shareholders and/or directors are not usually required to settle a shortfall where there are insufficient funds from the company’s assets.
  • Receivership administrations are also funded by the company but the receivers often accept an indemnity from the appointee for any extraordinary costs that can arise, which may for example include funding litigation.
  • Our costs are on a time engaged basis at our court approved rates.

  • Liquidation relates to the insolvency of a company whereas bankruptcy relates to the insolvency of an individual.