NZ Herald Money editor, Tamsyn Parker, recently interviewed RITANZ Chairperson John Fisk to get his perspective on the outlook for 2021.
Court applications to wind up companies plummeted in 2020, bucking expectations of widespread business failures. But an insolvency expert says there are still warning signs that some companies are in for a tough time this year.
Wind-up applications dropped nearly 32 per cent from 707 to 481 between 2019 and 2020, figures from the Restructuring Insolvency and Turnaround Association New Zealand show.
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