Down and down – Australian personal insolvency numbers

The first fortnight of July (29 June to 12 July) saw a drop down from 611 to 587 of people in Australia entering into some type of personal insolvency, although this was an increase from 553 of the fortnight before last.  But this compares with the average of 844 per fortnight between 1 July 2019 […]

Mainzeal’s NZ$36m reckless trading appeal pending; bankruptcy of director deferred

Liquidators of Mainzeal with a NZ$36m judgment for reckless trading against the company’s directors have failed in an attempt to bankrupt one of the directors only two weeks out from the director’s appeal hearing. Meanwhile, the outcome of the appeal may assist in any review of NZ’s insolvency laws. The New Zealand High Court decision […]