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Bankruptcy Stories - Page 2

Kiwi Stories

Bankruptcy stories

Insolvencies hit Australian construction sector – is New Zealand next?
Supply Chain

Insolvencies hit Australian construction sector – is New Zealand next?

Construction firms are under pressure as insolvencies account for a quarter of all business failures, with New Zealand now watching closely.

By Staff Writer • 3 min read • Fri, 7th Jan 2022
Australian construction sector buckles under $110b infrastructure pipeline
Supply Chain

Australian construction sector buckles under $110b infrastructure pipeline

Warnings that Australia’s builders are at breaking point have prompted calls for urgent reform to deliver the USD $110 billion pipeline.

By Staff Writer • 3 min read • Sun, 18th Jul 2021
Subcontractors need to be protected when companies fail
Supply Chain

Subcontractors need to be protected when companies fail

Smaller contractors can be left tens of thousands of dollars out of pocket when builders collapse, prompting calls for stronger protections.

By Michael Curreen • 3 min read • Thu, 12th Sep 2019
First conviction for unlicensed asbestos removal
Law

First conviction for unlicensed asbestos removal

A Christchurch builder has been fined after admitting the first prosecution under New Zealand's new asbestos rules, following unsafe demolition work.

By Michael Curreen • 2 min read • Tue, 20th Nov 2018
Blue Chip's Bryers banned from managing NZ firms for 7 more years, bankruptcy lifted
Blue Chip

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

DDN steps in at final hour to salvage Tintri trainwreck
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
Avaya bankruptcy filing: What does it mean for ANZ?
Avaya

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
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
Spark calls in receivers for Mako Networks
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
Westcon's fighting talk
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

One in 10 retail tech businesses in UK up for sale
Market

One in 10 retail tech businesses in UK up for sale

Study reveals that 1 in 10 retail tech businesses in UK is currently up for sale, marking a high among sectors.

By Shannon Williams • 2 min read • Wed, 13th Dec 2023