Stonewood Homes was in the news again last week. At a creditors meeting, the liquidators confirmed that unsecured creditors would receive no pay-out. Worse still was that some creditors who had been paid by Stonewood in the last two years could be required to repay the money received. A “clawback” from a liquidator is perfectly […]
It may not have happened to you – yet! Perhaps it never will! But if and when it does – it hurts!! I am talking about your customer being unable to pay their bills and the inevitable liquidation that will follow. Every year in New Zealand close to 3,000 companies are liquidated owing millions of […]
It’s a tough old world out there! Everyday new businesses are born and everyday established businesses die! Company liquidators are being kept busy and it’s not uncommon to read of businesses being wound up owing millions of dollars. The sad thing is that most of those millions will never be repaid to the numerous small […]
Starting a new business or taking over an existing operation is a daunting and seemingly endless minefield of challenges and formalities. For new immigrants who not only have to adapt to a new culture and way of doing business, the language and legal obstacles that need to be overcome are just too vast to contemplate. […]
EC Credit Control care about your financial management of your business. Cash flow is to a business what blood is to the human body. Nothing can impact a business more dramatically than not being able to pay your debts as they become due. At EC Credit Control, we believe that proper cash-flow management begins on […]
Terms of Trade are the Hot ticket, I recently put together a Building Contract for a client who had just been badly burnt by a major receivership. Due to no contract and no securities viz the PPSR the loss is catastrophic. The upside is that going forward we will be assisting in providing a comprehensive […]
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