Insolvency in NZ is when a business can no longer meet its financial responsibilities as and when the company’s debts need to be paid. Business or company insolvency can lead to legal action being taken against the insolvent organisation, with assets being liquidated by a liquidator to repay any outstanding debts.
Insolvency can be a stressful time for the individuals and businesses involved. Working with a registered, experienced Debt Solvers liquidator can help you find a quick and easy solution to being insolvent. Give us a call today for a no obligation chat and let us help you through the insolvency and liquidation process.