Racing Industry Distribution
Over recent months there have been a number of articles and letters to the editor dealing with racing industry distributions in The Informant. One claim made by your columnist Brian de Lore was that greyhound
SCHEDULE 7 –COMPANIES ACT 1993
This schedule deals with creditors that have a priority claim to proceeds of realisations from a company in liquidation. While many creditors are aware that this schedule gives priority in the main to employees and
ONE WAY TO AVOID BANKRUPTCY
Personal insolvency proposals are common place in Australia but rarely ever used in New Zealand. If successful a proposal under Part 5 of the Insolvency Act 2006 can avoid an individual being made bankrupt. Rules
LIMITED PARTNERSHIPS
In recent months we have noticed an increase in the number of Limited Partnerships being placed into liquidation and/or Receivership. Limited Partnerships are entities developed in accordance with the Limited Partnerships Act 2008. In reality
INITIATION OF RECEIVERSHIP
In New Zealand, the vast majority of receivers appointed to debtor companies are appointed by a creditor of the company pursuant to a contractual power contained in a security agreement. A Creditor has no power