by norlinglaw | Sep 21, 2020
From 1 September 2020, a new law came into effect which changes the way statutory demands will work in practice.
This new change will have a significant impact on the way in which creditors act strategically when collecting debts from debtor companies.
In this video Brent Norling of Norling law discusses how the law has changed and the importance of appointing your own liquidator so you can get the best outcome as a business owner.
If you are involved in debt, either as a creditor or a debtor, take note of this change and act strategically in response to the change. Knowledge of this change will ensure you don’t miss new strict statutory timeframes.
by norlinglaw | Sep 9, 2020
Businesses are struggling right now. Covid-19 has had a huge detrimental impact. Many businesses have been dealing with new challenges that are unique to this situation.
The New Zealand Government introduced a formal business debt hibernation regime to help support those particular businesses who have been impacted by Covid-19.
The aim of this regime is to allow affected businesses to hibernate during this period so they can survive and go on to thrive.
In this video Brent Norling and Damien Grant go through the aspects of the regime, breaking down what criteria a business needs to meet in order to qualify for the regime.
For more information on how to hibernate your business in the era (and post era) of Covid-19, download the free Debt Hibernation E-book: https://norlinglaw.co.nz/business-hib…
If you need to discuss this with us, we offer a free 30 minute legal consultation which can be booked here:
by norlinglaw | Aug 31, 2020
Right now, debtors are holding their cash tight. Creditors are not being paid in the same way they were.
There are only two reasons debtors don’t pay. Either they can’t pay, or they won’t pay.
Here, we address how to ascertain which category your debtors are in and how to deal with each category.
In this video, Brent discusses the strategies to deal with each category in order to get paid.
If you need assistance in collecting outstanding accounts, we offer a FREE 30-minute legal consultation. You can book here:
by norlinglaw | Aug 27, 2020
The IRD is often treated as the lender of last resort. Money that is supposed to be paid to the IRD is used to juggle other obligations.
Times are tough. Many businesses owe money to the IRD. We are helping many clients right now which have large debts to the IRD. Although intentions may be good, the plan to pay the IRD may have been disrupted by recent events.
Hope is not a strategy. Relying on the government or someone else to intervene is not a strategy either. It is time for a definitive strategy
Here we address, where to start.
The IRD’s aim is to maximize their recovery, it is likely they will be willing to negotiate to facilitate this.
In this video, Brent Norling runs through the steps on how to deal with this very common issue. If you need further help with your plan moving forwards, we offer a FREE 30-minute legal consultation. You can book here:
by norlinglaw | Aug 25, 2020
We work with business owners in collecting debts owing to them. But often, the collection process can be slowed down by inadequate terms of trade.
Post Covid-19, there are KEY terms that you must have in your terms of trade to ensure you increase the chances of getting paid. In this video, we address those terms.
We also address the general terms that are essential to ensure you substantially increase the chances of payment from your debtors.
If you need assistance, we offer a FREE 30-minute legal consultation. You can book here:
