Resources | Insolvency and COVID-19: New Zealand

If your business, practice or clients are in financial distress during this time, it is important to seek help early. View our updated resources to help you with insolvency.

Reasons why businesses go insolvent:

  • Loss of major customer
  • New competitor
  • Business growing too fast
  • Business outgrowing its founders’ know-how

Signs to look for with your business and your clients:

  • Time spent on financial crisis is more than time spent managing the business
  • Cashflow tightened
  • Forecast targets consistently missed
  • Accounts payable days stretching from 30 to 90 days plus
  • Superannuation and tax obligations sliding

Read more about these reasons and signs, and how you can help save companies from insolvency in the article below.

How to save companies from insolvency: 6 steps to a turnaround

When a business’s finances go pear-shaped, insolvency and restructuring experts can make a difference to its survival.

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Looking for advice on Insolvency?

Join the Insolvency My CA Group to speak to an insolvency expert or fellow CAs.

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Can CA’s who aren’t licensed insolvency practitioners help wind up solvent companies?

I’m a CA, not a licensed insolvency practitioner – what insolvency related engagements can I perform?

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How to save companies from insolvency: 6 steps to a turnaround

When a business’s finances go pear-shaped, insolvency and restructuring experts can make a difference to its survival.

Read moreAbout How to save companies from insolvency: 6 steps to a turnaround

Acuity podcast

Hear from the experts as they tackle the big issues, from climate risk to insolvency, forensic accounting and more.

Find out moreAbout Acuity podcast

Beware the zombie business apocalypse

Insolvency looms for an army of zombie businesses that have been kept running by government COVID stimulus packages.

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The danger of CAs not knowing their limits

Moving into an area of practice that’s outside your usual remit has its pitfalls. Here’s what’s trapping some CAs.

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Get help before dropping off insolvency cliff

Kiwi businesses surviving on Government COVID-19 support – and that may otherwise have fallen into liquidation or receivership in normal times – should get professional advice immediately with a national insolvency cliff looming.

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Know the early warning signs of a business in trouble

Early identification of warning signs can give businesses the best chances of survival.

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Guidance for New Zealand companies in financial distress

This guidance outlines some of the options available as part of the relief measures introduced by the New Zealand Government around insolvent trading laws, resulting from the COVID-19 environment.

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Navigating and making decisions during COVID-19: Decision tree

CA ANZ has designed a decision tree tool for our members in New Zealand and Australia aimed to help business make decisions in a COVID-19 world.

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'Tips on managing clients effectively through COVID & beyond' webinar

View a recording of the webinar on our COVID-19 Sharing Knowledge Webinar Sessions page.

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'NZ - Tax, Insolvency & Regional support changes' webinar

View a recording of the webinar on our COVID-19 Sharing Knowledge Webinar Sessions page.

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Continuing professional development - Webinar: Insolvency & COVID 19

Keep up to date with insolvency developments impacting New Zealand SMEs and businesses in this 1-hour introduction webinar, where you will hear insights on business’s ability to stay solvent amid a financial and economic crisis.

View nowAbout Continuing professional development - Webinar: Insolvency & COVID 19

Is this business ready for relaunch?

Some COVID support measures may end in a few months, but should you wait until then to call time on a borderline business?

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Australian Institute of Company Directors - Insolvency Preparedness: The shifting eye of the storm

This webinar will provide suggested strategies around the courses of action available to directors dealing with the prospect of insolvency in their own company or within their supply chain or customer networks.

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Australian Institute of Company Directors - Insolvency fears front of mind for organisations during COVID-19

An article that discusses why boards should be alert to changing financial risks.

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The soft side of insolvency with Joshua Robb

Peter Rupp FCA, President of Chartered Accountants Australia and New Zealand, speaks to Joshua Robb CA, Associate Director at specialist accounting and expert advisory firm SV Partners, on the Gen CA podcast.

Find out moreAbout The soft side of insolvency with Joshua Robb

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