Your trusted partner in business recovery
If your business is facing insolvency issues, we're here to help. Whether it's finding a way to rescue your company or guiding you through the insolvency process, our priority is to ensure everything is handled quickly, efficiently, and with as little stress as possible.
Throughout it all, we ensure you're fully compliant with the law, including the Companies Act 1993, so you can move forward with confidence.
Facing insolvency can be overwhelming, but you don’t have to navigate it alone. At Insolvency Matters, we're dedicated to helping businesses in distress find their way through challenging times.
Whether the goal is to rescue your company or to manage the insolvency process with the utmost care and efficiency, our team is here to ensure everything is handled smoothly, minimising stress along the way.
Insolvency assignments that we service
-
Court Liquidations
When a creditor is overdue they can issue a statutory demand and when that is not satisfied make a petition to the court to place the company in liquidation.
-
Voluntary Liquidations
If the shareholders of the company believe the company is insolvent then pursuant to s241 Companies Act 1993 they can pass a major transaction (i.e. 75% of shareholders) to place their company into liquidation. The liquidator then proceeds to wrap up the company affairs.
-
Solvent Liquidations
When a company has ceased trading and is no longer required, in order to wrap up everything tidily, and disburse any capital profits, a solvent liquidation is the best option. The directors sign a resolution to confirm the company is solvent, shareholders appoint a liquidator and the liquidator then wraps everything up and distributes funds.
-
Recevierships
If a secured creditor has a General Security Agreement (GSA) and a loan is in default then they can appoint a receiver. It is important to ensure that all of the paperwork is in place. The receiver will then realise the assets which are subject to the security and repay the secured creditor. The receiver has various obligations to other creditors at the same time.
-
Creditors Compromise
Sometime a compromise can be reached with a company’s creditors to accept a scheme of arrangement to pay outstanding debts or a portion of those debts. This is never a simple process and involves putting together a proposal, organising a meeting with creditors and appointing a compromise administrator
-
Voluntary Administration
A director and/or a shareholder have the ability to appoint an Administrator pursuant to the Companies Act 1993. There is then a moratorium period where a plan or DOCA (Deed of Company Arrangement) is prepared and submitted to creditors for approval. Not very commonly used these days, it is a costly and time consuming exercise.
Brenton is a Licensed Insolvency Practitioner (IP84) with impressive credentials, including memberships in Chartered Accountants Australia and New Zealand (CAANZ) and the Restructuring Insolvency and Turnaround Association of New Zealand (RITANZ).
With over 15 years of experience in insolvency, Brenton has personally taken over 600 appointments and worked on another 300 as a senior staff member. His broader background includes 28 years of accounting across various industries, giving him deep expertise and a thorough understanding of the challenges you’re facing.
Having worked with organizations facing serious cash-flow issues before shifting to insolvency, Brenton understands both sides of the equation. This unique perspective allows him to offer practical solutions and clear advice on your options.
