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Liquidation Stories - Page 2

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Liquidation stories

Whitelabel NZ fundraising effort fails to meet goal
Crowdfunding

Whitelabel NZ fundraising effort fails to meet goal

Whitelabel NZ's failed fundraising campaign and alleged misleading information about its business practices have raised concerns.

By Zach Thompson • 2 min read • Mon, 5th Dec 2022
The imminent failure of WhiteLabel NZ, liquidation next?
Crowdfunding

The imminent failure of WhiteLabel NZ, liquidation next?

Outsourced sales & marketing company, WhiteLabel NZ, faces financial troubles as staff leave & funds are owed. #BusinessNews #WhiteLabelNZ.

By Sean Mitchell • 4 min read • Thu, 1st Dec 2022
Up to $2.4 million shortfall in the collapse of IndeServe
Data Analytics

Up to $2.4 million shortfall in the collapse of IndeServe

Networking service provider IndeServe has appointed liquidators, with a potential shortfall of between $1 million and $2.4 million.

By Sean Mitchell • 2 min read • Fri, 1st Jul 2022
Longstanding Kiwi field service contractor Indeserve in liquidation
Data Analytics

Longstanding Kiwi field service contractor Indeserve in liquidation

IndeServe, a longstanding local service contractor that has worked with companies including IBM, Fujitsu and Datacom, has voluntarily filed for liquidation.

By Zach Thompson • 3 min read • Fri, 3rd Jun 2022
NFT trends and opportunities: expert reveals all
Crypto

NFT trends and opportunities: expert reveals all

The NFT market is growing at an exponential rate, with unprecedented liquidity. Here we explore how businesses can profit.

By Michael Kodari • 4 min read • Fri, 13th May 2022
Hills and Milestone Systems to trade punches in court
Software-as-a-Service

Hills and Milestone Systems to trade punches in court

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.

By Jacques-Pierre (JP) Dumas • 2 min read • Fri, 16th Feb 2018
Dick Smith creditors vote for liquidation of failed company
Apple

Dick Smith creditors vote for liquidation of failed company

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.

By Heather Wright • 2 min read • Tue, 26th Jul 2016
Optimizer HQ subsidiaries' debts likely to top $11 million
Fintech

Optimizer HQ subsidiaries' debts likely to top $11 million

Claims against two Optimizer HQ subsidiaries are likely to hit $11.3 million, with liquidators reviewing the sale of business assets pre-liquidation.

By Heather Wright • 3 min read • Fri, 18th Dec 2015
Mako: Spark owed $26.9m, little chance of funds for unsecured creditors
Physical Security

Mako: Spark owed $26.9m, little chance of funds for unsecured creditors

Spark NZ was owed $26.9 million when Mako Networks went into receivership, with little chance of unsecured creditors recouping their funds.

By Heather Wright • 3 min read • Wed, 25th Nov 2015
Mako Networks sold to US provider
Physical Security

Mako Networks sold to US provider

United States telecommunications service provider D&S Communications has acquired the assets of Mako Networks from the company's receivers.

By Heather Wright • 3 min read • Wed, 7th Oct 2015

Stories from Other Regions

Liquidation stories

$1.5 million owed to creditors in collapse of WhitelabelNZ
PledgeMe

$1.5 million owed to creditors in collapse of WhitelabelNZ

We summarise the creditors and financial position of third part sales agency WhiteLabel which is now in liquidation.

By Sean Mitchell • 2 min read • Thu, 16th Feb 2023
Certainty for trades in an uncertain economic environment
Human Capital Management

Certainty for trades in an uncertain economic environment

Rising costs, labour shortages and patchy demand are forcing trades firms to adapt fast as construction failures mount and projects stay funded.

By Staff Writer • 4 min read • Tue, 13th Sep 2022
Liquidation no escape from health and safety accountability
Risk & Compliance

Liquidation no escape from health and safety accountability

WorkSafe says directors remain liable after insolvency, as a painter’s death in Bucklands Beach exposed failures to use edge protection.

By Michael Curreen • 2 min read • Fri, 29th Jul 2022
Crunch time: inside the Condev crisis
Supply Chain

Crunch time: inside the Condev crisis

Queensland developers are being asked to inject millions as Condev races to complete projects and avert collapse.

By Staff Writer • 1 min read • Mon, 14th Mar 2022
Digital solutions to the financial complexities of construction
Software-as-a-Service

Digital solutions to the financial complexities of construction

Payment disputes and tougher retention rules are pushing construction firms towards digital tools to avoid fines and delays.

By Michael Curreen • 5 min read • Wed, 3rd Nov 2021
Downfall of Arrow reflects high risk of construction
Supply Chain

Downfall of Arrow reflects high risk of construction

Contractors and subcontractors face fresh losses as Arrow’s collapse highlights mounting pressure and disputes over risk in New Zealand building work.

By Staff Writer • 2 min read • Thu, 28th Feb 2019
UPDATED: ATEED in talks with BizDojo Auckland liquidators to discuss recoveries
BizDojo

UPDATED: ATEED in talks with BizDojo Auckland liquidators to discuss recoveries

The liquidator first report states that BizDojo Auckland Ltd has not been able to provide a balance sheet and does not own any assets.

By Kai Ping Lew • 3 min read • Fri, 2nd Feb 2018
Books close on Mecari with 13.86 cents in the dollar payout to creditors
Synnex

Books close on Mecari with 13.86 cents in the dollar payout to creditors

Unsecured creditors of failed POS distributor Mecari, previously known as Pos Pos, have received small payments as the company's liquidation winds up.

By Heather Wright • 2 min read • Mon, 11th Jul 2016