McDonald Vague Limited

13/10/2026

Insolvency Stats: NZ Insolvency stats for September 2026 are now available, check out our link below to see how corporate insolvencies and winding up applications advertised have continued to climb.

Be sure to sign up for our monthly newsletter on our website to get them direct to your inbox.

12 October 2026 Winding Up Applications 2026 has already recorded the highest year-to-date number of winding up applications in the last 10 years, wit...

07/10/2026

Bankruptcy and liquidation aren't the same thing!

We regularly speak with people who use the terms interchangeably, but in New Zealand they mean very different things.

👉 Bankruptcy is for individuals.

👉 Liquidation is for companies.

The confusion is understandable, especially when US TV shows and news reports talk about companies "going bankrupt". Here in New Zealand, a company enters liquidation, while individuals may be adjudicated bankrupt.

If you're a director, business owner or simply curious about how insolvency works, we've put together a simple guide explaining the key differences and what they mean in practice.

Read the full article below 👇

🔗 https://www.mvp.co.nz/articles/liquidation/bankruptcy-vs-liquidation

What's the difference between bankruptcy and liquidation? This is one of the most common questions that we field from directors and individuals we don...

29/09/2026

When do liquidators need Court approval for their fees?

The approval of a liquidator's remuneration can be a complex area of insolvency law. In some circumstances, Court approval may be required, while in others there are alternative mechanisms available.

Our latest article examines the circumstances in which Court approval may be necessary, the relevant legal framework, and the practical implications for insolvency practitioners and stakeholders.

🔗 Read more: https://www.mvp.co.nz/articles/liquidation/liquidators-fees-and-court-approval

8 September 2026 In New Zealand, whether a liquidator must obtain court approval for their fees depends principally on how they were appointed. Shareh...

22/09/2026

When must liquidators disclose their time and costs?

A common question from creditors, directors, and shareholders is when a liquidator is required to provide details of their fees and time spent on an appointment.

In our latest article, we look at the disclosure requirements under New Zealand insolvency law, what information must be provided, and when stakeholders can request further detail.

🔗 Read more: https://www.mvp.co.nz/articles/liquidation/when-must-liquidators-disclose-their-time-and-costs

8 September 2026 There are three distinct levels of disclosure: statutory reporting, access to accounting records, and evidence required for court app...

15/09/2026

Insolvency Stats: NZ Insolvency stats for August 2026 are now available, check out our link below to see how corporate insolvencies and winding up applications advertised have continued to climb.

Be sure to sign up for our monthly newsletter on our website to get them direct to your inbox.

Insolvency by the Numbers #68: NZ Insolvency Statistics August 2026 8 September 2026 Winding Up Applications Winding up application numbers continued...

08/09/2026

The September 2026 newsletter covers three articles the first is our regular feature Insolvency by the Numbers covering August 2026 insolvency stats.
Our second article looks at Liquidators’ Fees and Court Approval and when this may be required.
The third article covers When must liquidators disclose their time and costs? and who is entitled to this information.

Check out the full newsletter below.

Our latest newsletter covers three articles the first is Insolvency by the Numbers covering August 2026. It has been another busy month on the stats front as figures continue to track upwards.  Our second article looks at Liquidators’ Fees and Court Approval and when this may be required. T...

02/09/2026

Can directors be personally liable for a company's GST debt?

Many directors assume that GST is solely a company liability. However, there are circumstances where directors can face personal exposure when a company fails to meet its tax obligations.

Understanding the risks is an important part of good governance, particularly when a business is experiencing cash flow challenges or financial distress.

Read the full article below.

8 August 2026 A hundred-thousand-dollar question in many situations, and one it is important to understand the risk around. In short directors can be...

26/08/2026

🚛 Road User Charges in Liquidation: Why Do They Get Priority?

If a transport company enters liquidation, where do unpaid Road User Charges (RUCs) sit in the pecking order of creditors?

Many business owners, directors, and advisers are surprised to learn that RUC debts can receive preferential treatment in a liquidation. Understanding how these claims are ranked is important for anyone involved in the transport industry.

Read our latest article to learn how RUC liabilities are treated and what this means for creditors and stakeholders:

🔗 https://www.mvp.co.nz/articles/liquidation/how-do-road-user-charges-get-priority-in-liquidation

8 August 2026 The reason Road User Charges (RUC) effectively "follow" a vehicle despite being an unsecured debt in a liquidation lies in the statutory...

18/08/2026

Our latest newsletter covers three articles the first is our regular feature Insolvency by the Numbers covering July 2026.
Our second article looks at Can a Director be Personally Liable for a GST? and how that may occur.
The third article covers How do Road User Charges get Priority in Liquidation? how this occurs and the risks for secured creditors.

Check out the full newsletter below.

Our latest newsletter covers three articles the first is our regular feature Insolvency by the Numbers covering July 2026 covering the first 7 months of the year as we head into the back half of 2026. Our second article looks at Can a Director be Personally Liable for a GST? and how that may occur.....

11/08/2026

Insolvency Stats: NZ Insolvency stats for July 2026 are now available, check out our link below to see how corporate insolvencies have continued to climb.

Be sure to sign up for our monthly newsletter on our website to get them direct to your inbox.