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22 Jan 2025 1:21
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  •   Home > News > Business

    An insolvency expert says company liquidations aren't as high as during 2008's Global Financial Crisis

    An insolvency expert says company liquidations aren't as high as during 2008's Global Financial Crisis


    Data from the Companies Office shows there were two and a half thousand liquidations last year - the highest since 2014.

    Company receiverships are also the highest they've been since 2012, at 186.

    BWA Insolvency's principal Bryan Williams says the IRD liquidating companies with unpaid tax is a driver.

    He says the IRD seems to have a policy of pay your taxes or your company dies - and he thinks that's appropriate.

    © 2025 Newstalk ZB, NZCity

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