Liquidation stories
Creditors will see proceeds from more than 350 pieces of late-model earthmoving kit sold in New Zealand's biggest insolvency auction of its kind.
We summarise the creditors and financial position of third part sales agency WhiteLabel which is now in liquidation.
Rising costs, labour shortages and patchy demand are forcing trades firms to adapt fast as construction failures mount and projects stay funded.
WorkSafe says directors remain liable after insolvency, as a painter’s death in Bucklands Beach exposed failures to use edge protection.
Payment disputes and tougher retention rules are pushing construction firms towards digital tools to avoid fines and delays.
Contractors and subcontractors face fresh losses as Arrow’s collapse highlights mounting pressure and disputes over risk in New Zealand building work.
The liquidator first report states that BizDojo Auckland Ltd has not been able to provide a balance sheet and does not own any assets.
Unsecured creditors of failed POS distributor Mecari, previously known as Pos Pos, have received small payments as the company's liquidation winds up.
The story of WhiteLabelNZ has ended abruptly with the company's liquidation following an unsuccessful fundraising campaign.
Whitelabel NZ's failed fundraising campaign and alleged misleading information about its business practices have raised concerns.
Outsourced sales & marketing company, WhiteLabel NZ, faces financial troubles as staff leave & funds are owed. #BusinessNews #WhiteLabelNZ.
Networking service provider IndeServe has appointed liquidators, with a potential shortfall of between $1 million and $2.4 million.
IndeServe, a longstanding local service contractor that has worked with companies including IBM, Fujitsu and Datacom, has voluntarily filed for liquidation.
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Hills Limited slams Milestone Systems' request to have it wound up, calling it an abuse of power, as both companies prepare for a court battle this month.
Dick Smith Holdings creditors have voted to place the failed business into liquidation in a last ditch effort to recoup some of their lost money.
Claims against two Optimizer HQ subsidiaries are likely to hit $11.3 million, with liquidators reviewing the sale of business assets pre-liquidation.
Spark NZ was owed $26.9 million when Mako Networks went into receivership, with little chance of unsecured creditors recouping their funds.
United States telecommunications service provider D&S Communications has acquired the assets of Mako Networks from the company's receivers.
Failed network management company Mako Networks has liabilities of more than $30 million, with an estimated deficit of $25m expected.
