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Receiverships remain steady as lockdown continues rnz.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rnz.co.nz Daily Mail and Mail on Sunday newspapers.
Photo: 123RF A survey of practioners and members by Restructuring Insolvency & Turnaround Association (RITANZ) indicated the numbers of appointments of liquidators for January and February at the lowest levels in three years. This suggests there may be a number of zombie businesses continuing to operate with the help of government funding, but we may see a number of liquidations in the coming years for those that are unable to repay their debts, RITANZ chair John Fisk said. And that s a problem for our economy because essentially we know that they are eventually going to fail and usually once they do, the debts are higher than they would have been otherwise, and also they end up taking business away from good businesses. ....
A concern insolvencies will rise A concern insolvencies will rise 19 April 2021 A survey by the Restructuring Insolvency and Turnaround Association, indicates hospitality likely to be hit the hardest hit. In the February survey, 90-percent of respondents predicted a rise in insolvency in the next 12 months - and into a second year. ....
Monday, 19 April 2021, 10:40 am | RITANZ Restructuring Insolvency & Turnaround Association New Zealand (RITANZ) has today revealed findings from its COVID-19 insolvency survey, which sought to uncover the views of its members and insolvency practitioners across the country. The survey . More Friday, 14 June 2019, 8:57 am | RITANZ The Restructuring Insolvency and Turnaround Association of New Zealand (RITANZ) has welcomed news that the Insolvency Practitioners Bill has passed into law on Wednesday, almost a decade after it was first introduced into Parliament. The Insolvency Practitioners . More Wednesday, 30 November 2016, 4:58 pm | RITANZ Auckland, 30 November 2016: The Restructuring, Insolvency and Turnaround Association of New Zealand (RITANZ), the professional body for New Zealand insolvency practitioners, ....
Insolvencies in hospitality industry expected to rise msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.