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:
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
Company insolvency options
The liquidation process
The effect of liquidation on a company
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 .
Useful links and articles
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