Get the Right Help

If you are in financial distress, it is important that you reach out to a qualified and trusted RITANZ member for assistance. RITANZ Accredited Insolvency Practitioners are held to an exceptionally high level of ethics and standards and this is monitored and enforced by Chartered Accountants Australia and New Zealand.

We recommend caution when approached by "advisers" who promise quick and cheap outcomes and in most instances do not deliver to the standard required by the industry to protect creditors.

Our members are listed on our website and can easily be searched for as follows:

Member Search

Understanding the Basic Insolvency Process

The Ministry of Business Innovation and Employment has provided some information and flowcharts on their website to provide a very basic explanation on some aspects of the insolvency process as guidance to the public:

Determining your type of debt

Who is responsible for my business debt

Company insolvency options

Options

The liquidation process

Process

The effect of liquidation on a company

The effect

Please note that the insolvency process is vastly more complicated and detailed than the information contained here and as such we strongly encourage creditors, shareholders, directors etc to always consult with a RITANZ Accredited Insolvency Practitioner. These practitioners are held to a high level of standard and codes of ethics that are upheld by Chartered Accountants Australia and New Zealand .

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