Insolvency Blog Provides Expert Business Advice - BWA

BRYAN'S BLOG

Business Debt Hibernation Is Here

The Business Debt Hibernation scheme is now law, bringing help to those businesses that are vulnerable but still viable in these difficult economic times.

As of 16 May 2020, directors can begin a process that will allow their debts to be deferred for up to six months. There are rules...

Week One of a New World

This is a very big week for New Zealand companies. The ability to start doing business again – with some qualifications – is now a certainty. For many, this will be celebrated as a victory over a pervasive enemy. Business is ready to get back to work – and it needs to, so...

Statistics Don’t Tell The Story Yet

The three relevant metrics for understanding the impact on businesses are - how many have become the victim of the virus, where did they operate and what did they do. For the month of April, 52% of the insolvencies were in Auckland. This is disproportionate to the population of Auckland - which is...