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Insolvency Stories - Page 3

Kiwi Stories

Insolvency stories

NZTG cleans up 'unfortunate situation' through deal with RS Comms
Mergers and Acquisitions

NZTG cleans up 'unfortunate situation' through deal with RS Comms

New Zealand Technology Group teams up with RS Comms to provide telecoms services to small and medium-sized businesses.

By Shannon Williams • 2 min read • Tue, 2nd Feb 2016
Blue Chip's Bryers accused of muddying Talos role
Insolvency

Blue Chip's Bryers accused of muddying Talos role

Former Blue Chip boss Mark Bryers was accused of contriving to present himself as a consultant to Talos Accounting Group, when he was actually running.

By Pattrick Smellie • 3 min read • Tue, 3rd Mar 2015
Up to 70 Shanton Fashions staff to lose their jobs in restructure prior to sale
Shanton Fashions

Up to 70 Shanton Fashions staff to lose their jobs in restructure prior to sale

Up to 70 staff, just under half of those working for Shanton Fashions, are losing their jobs as 17 stores close under a restructuring process before.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015
iData Kiwi debts top $2 million
EMC

iData Kiwi debts top $2 million

iData Resolutions, which crashed into liquidation last month, has debts of more than $2 million for the New Zealand operation according to the liquida.

By Heather Wright • 2 min read • Tue, 10th Feb 2015
Rebirth for Maclean Computing
Partner Programmes

Rebirth for Maclean Computing

Chris Maclean revives his family's IT legacy, buying back Maclean Computing's assets to launch Maclean Technology, a bold step beyond liquidation.

By Staff Writer • 1 min read • Wed, 1st Aug 2012
Liquidators list Maclean creditors
Synnex

Liquidators list Maclean creditors

Failed IT firm Maclean Computing leaves 89 creditors, including tech giants and small businesses, $3m out of pocket as liquidation proceedings begin.

By Mike Borgfeldt • 1 min read • Fri, 20th Jul 2012
Maclean Computing placed into liquidation
Cloud Services

Maclean Computing placed into liquidation

Family-run IT firm Maclean Computing enters liquidation after serving businesses since 1993, impacting 50 employees and numerous clients.

By Mike Borgfeldt • 1 min read • Tue, 17th Jul 2012
NZNet in liquidation - Updated
Gaming

NZNet in liquidation - Updated

After years of operation, Auckland's NZNet spirals into liquidation amid financial turmoil and claims of unpaid debts.

By Staff Writer • 1 min read • Tue, 22nd Nov 2011

Global Stories

Insolvency stories

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 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
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
Pos Pos hits the wall in AUS, NZ impact unclear
POSPOS NZ

Pos Pos hits the wall in AUS, NZ impact unclear

Mecari Pty, once Pos Pos, hits receivership in Oz; NZ arm's destiny hangs in balance as clarity eludes stakeholders.

By Staff Writer • 2 min read • Fri, 23rd Jan 2015
Vector chairman strengthens Plan-b board
Vector

Vector chairman strengthens Plan-b board

Michael Stiassny has been appointed to the board of Plan-b, New Zealand's only end-to-end business continuity provider.

By Staff Writer • 1 min read • Wed, 17th Oct 2012
Maclean creditors unlikely to be paid
Payment Technologies

Maclean creditors unlikely to be paid

Liquidators insist staff will be paid but funds for suppliers, vendors and partners are unlikely to be recovered.

By Staff Writer • 1 min read • Thu, 16th Aug 2012
Overcoming WAN pains
Unified Communications

Overcoming WAN pains

Businesses overcome WAN woes, harnessing optimized solutions for bottom-line benefits, increased productivity, and future-proofing.

By Staff Writer • 7 min read • Tue, 1st Mar 2011

Stories from Other Regions

Insolvency stories