Bankruptcy Stories

Kiwi Stories

Bankruptcy stories

Blue Chip's Bryers banned from managing NZ firms for 7 more years, bankruptcy lifted

Former Blue Chip boss Mark Bryers has been discharged from his five-and-a-half year bankruptcy, though he's banned from acting as a manager or directo.

By Pattrick Smellie • 3 min read • Fri, 6th Mar 2015

Global Stories

Bankruptcy stories

Risk & Compliance

Hudson's Bay collapse ends 355 years of Canadian retail

Canada's oldest retailer closed all stores after 355 years, undone by debt, digital change and declining footfall.

By Karen Joy Bacudo • 5 min read • Tue, 3rd Mar 2026

Digital Realty

Singapore's DCRU eyes Japanese market amid asset performance boost efforts

Singapore's DCRU has targeted Japan expansion as it shores up assets via various agreements, including property sales.

By Shannon Williams • 3 min read • Fri, 3rd Nov 2023

Hyperscale

DDN steps in at final hour to salvage Tintri trainwreck

On its day of admitting bankruptcy, Tintri can now be brought back from the brink after Data Direct Networks made a bid for acquisition.

By Ashton Young • 2 min read • Wed, 11th Jul 2018

Software

Avaya bankruptcy filing: What does it mean for ANZ?

While news on the future of Avaya has triggered speculation on the direction of the company, Avaya Australia & NZ assures it is business as usual.

By Shannon Williams • 2 min read • Fri, 20th Jan 2017

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

Physical Security

Spark calls in receivers for Mako Networks

Mako Networks in liquidation, Spark steps in as secured creditor to appoint receivers, thwarting the tech firm's financial tailspin.

By Heather Wright • 2 min read • Tue, 25th Aug 2015

Partner Programmes

Westcon's fighting talk

Westcon New Zealand celebrates 35% annual growth and eyes further market expansion with new hires and vendor deals, including exclusive partnerships.

By Staff Writer • 2 min read • Tue, 1st Sep 2009

Stories from Other Regions

Bankruptcy stories

Supply Chain

Waste services insolvencies surge as defaults climb

Insolvencies in the industry are now more than three times the national average, as diesel, landfill levies and debt costs squeeze margins.

By Karen Joy Bacudo • 5 min read • 3 days ago

Manufacturing

Australia's late business payments hit six-year high

Cash-flow strain is deepening as overdue invoices and tax debts rise, with smaller firms hardest hit by higher rates and costs.

By Karen Joy Bacudo • 6 min read • Last month

Supply Chain

Australia energy shock raises insolvency risk for firms

Higher fuel and power costs are intensifying cash-flow strains for smaller firms, with CreditorWatch warning insolvencies may rise over 12 months.

By Joseph Gabriel Lagonsin • 5 min read • Wed, 15th Apr 2026

Deloitte

Ireland insolvencies fall 7% as creditor enforcement rises

Irish insolvencies fall 7% to 812 in 2025, but court liquidations and receiverships surge as creditors and tax authorities tighten enforcement.

By Karen Joy Bacudo • 4 min read • Mon, 12th Jan 2026

Digital Transformation

ChatGPT tax advice already costing UK firms, say accountants

UK accountants say firms are already losing money to flawed ChatGPT tax advice and warn misuse of AI could trigger failures by 2026.

By Catherine Knowles • 5 min read • Fri, 19th Dec 2025

Facebook

Most social media debt advice misleading & unreliable, study finds

A study reveals most UK social media debt advice is misleading or unreliable, urging people to seek FCA-regulated, impartial financial guidance instead.

By Shannon Williams • 4 min read • Thu, 23rd Oct 2025

Supply Chain

Ofload warns of supply chain risk as Don Watson shuts down

Ofload warns Australia's freight sector faces major disruption after refrigerated transport firm Don Watson Transport collapses, threatening supply chain stability.

By Kaleah Salmon • 4 min read • Mon, 9th Jun 2025