Corporate Restructuring & Insolvency Overview

Corporate Restructuring & Insolvency Services Auckland New Zealand

Corporate Restructuring & Insolvency Overview

Sadly, not all businesses thrive under competitive pressures, but with the right advice at the right time they can survive – and even continue to grow.

Norrie & Daughters has an experienced team of accredited insolvency practitioners well versed in restructuring and insolvency matters and can assist businesses facing financial adversity.

Where a viable recovery or turnaround is not possible Norrie & Daughters are well placed to advise the company, its directors, shareholders and stakeholders of the options available to provide the most appropriate strategy.

Whatever the recommended course of action, and there may be a number of options, we will ensure our advice relates to the specific circumstances of the company.

Informal Arrangements, Corporate Insolvency

Informal Arrangements

A compromise with creditors under Part 14 of the Companies Act 1993 can be a viable alternative to liquidation. See how Norrie & Daughters can help you.

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Compromises, Amalgamations and Schemes of Arrangement,Corporate Insolvency

Compromises, Amalgamations and Schemes of Arrangement

A more formal process than an informal arrangement Part 14 that allows a Company to survive where an informal arrangement could not be achieved. See how Norrie & Daughters can help you.

Learn More About Compromises, Amalgamations and Schemes of Arrangement
Recieveship, Corporate Insolvency Auckland

Recievership

Receivers can only be appointed by a secured creditor who has the rights to appoint and is enforcing their debt. Normally, some indication of financial distress would be known to the directors before receivership commenced thus giving options to directors.

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Liquidation, personal Insolvency Auckland

Liquidation

Appointment of a liquidator to a company is an option for creditors, normally through the courts, with some restrictions the shareholders or if the company’s constitution provides for it, the directors of a company.

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Voluntary Administration Auckland, Corporate Insolvency

Voluntary Administration

Voluntary administration provides an alternative option for companies with one of its goals being to maximise the chances of business survival or determine the best way forward to provide a better return for creditors and shareholders.

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The Benefits of Using Norrie & Daughters

Coporate Insolvency Experiences

Quality & Experience

  • Chartered Accountants Australia & New Zealand Accredited insolvency practitioners
  • Free 1 hour meeting to be briefed on your situation
  • Experience and sound advice in all aspects of corporate Insolvency
  • New Zealand and cross border insolvency assignments including assignments involving European countries, Asia and South America including tax havens.

Results

  • We have successfully implemented schemes of arrangement involving significant debt including bank and tax debt and avoided the liquidation of the company’s.
  • Proven record in obtaining results for creditors from setting aside voidable transactions, reckless trading and similar actions.
  • We have successfully acted for debtors, directors and shareholders against claims by other liquidators against them
  • We have successfully acted for debtors, directors and shareholders against claims by liquidators against them
Corporate Insolvency Results
Corporate Insolvency Services

Services

  • Insolvency advice
  • Providing a court or shareholder appointer liquidator in insolvent liquidations
  • Acting as a receiver
  • Assisting in preparing and securing Informal Arrangements
  • Assisting in preparing and securing Compromises, Amalgamations and Schemes of Arrangement under the Companies Act 1993
  • Providing a liquidator for solvent liquidations
  • Acting for Directors, Shareholders and Creditors against other Liquidator claims
  • Expert witness

To learn more about the services we offer to clients both in New Zealand and overseas

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