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Liquidation stories

Dick Smith Electronics' Liquidation reveals grim financial state after seven years
Dick Smith

Dick Smith Electronics' Liquidation reveals grim financial state after seven years

KPMG's latest report on Dick Smith Electronics' liquidation reveals NZ$245.5M in secured debt and ongoing legal battles.

By Sean Mitchell • 2 min read • Fri, 1st Sep 2023
$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

Global Stories

Liquidation stories

Hudson's Bay collapse ends 355 years of Canadian retail
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
DTCC unveils digital collateral management platform
Blockchain

DTCC unveils digital collateral management platform

The Depository Trust has unveiled a digital collateral management platform, set for live demonstration on 23 April, to enhance institutional DeFi operations.

By Catherine Knowles • 3 min read • Mon, 7th Apr 2025
Aryza launches financial software solution in UK and Ireland
IT Automation

Aryza launches financial software solution in UK and Ireland

The platform is designed to help businesses to optimise receivables management and generate more liquidity, according to the company.

By Catherine Knowles • 3 min read • Thu, 20th Jul 2023
It's official, WhiteLabel NZ goes into liquidation
Crowdfunding

It's official, WhiteLabel NZ goes into liquidation

The story of WhiteLabelNZ has ended abruptly with the company's liquidation following an unsuccessful fundraising campaign.

By Tom Raynel • 3 min read • Mon, 16th Jan 2023
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

Stories from Other Regions

Liquidation stories

Parcelhero says High Street closures beat 2030 forecast
Fintech

Parcelhero says High Street closures beat 2030 forecast

UK town centres have lost 122,682 stores since 2016, outstripping Parcelhero's 2030 closure forecast and deepening pressure on the High Street.

By Mark Tarre • 6 min read • Last month
Mid-sized fintech firms squeezed out as funding tightens
Fintech

Mid-sized fintech firms squeezed out as funding tightens

Higher rates and tougher investor scrutiny are forcing mid-tier fintechs into sales, restructuring or shutdown as capital pools shrink.

By Karen Joy Bacudo • 4 min read • Last month
Ireland insolvencies fall 7% as creditor enforcement rises
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
Explainer: The spectacular collapse of Apple's Buzzle stores
Apple

Explainer: The spectacular collapse of Apple's Buzzle stores

Buzzle, formed as Apple's largest Australian reseller in 2000, collapsed within six months amid the dot‑com bust, sparking a precedent‑setting legal battle with Apple.

By Sean Mitchell • 6 min read • Thu, 23rd Oct 2025
Renowned insolvency expert Michael Makridakis joins Taylor David
Liquidation

Renowned insolvency expert Michael Makridakis joins Taylor David

Michael Makridakis has joined Taylor David as a Partner, bringing over 20 years' experience in multi-jurisdictional insolvency to the renowned law firm.

By Imee Dequito • 3 min read • Mon, 16th Sep 2024