Financial distress does not always have to spell the end for your business. In New Zealand, insolvency can be the turning point for recovery, especially when timely restructuring advice is sought. With the right legal support, it is possible to stabilise operations, negotiate with creditors, and restore viability. At Norling Law, we work closely with directors and insolvency practitioners to assess solvency, protect value, and avoid unnecessary liquidation. In one recent case, we helped a national retail client restructure after facing significant debt to Inland Revenue, enabling the business not only to survive, but thrive.
It can be somewhat controversial when a failed business owner of one company liquidates that company, then sets up a new company and continues to trade following serious financial difficulties. However, it is not always a bad thing.
Sometimes, it is important to recognise there is potential for this to be a positive strategy.
Brent is the Director of Norling Law. He has a wealth of experience in the District Court, High Court, Court of Appeal and Supreme Court. Brent is passionate about negotiating favourable outcomes for his clients and able to implement this in his daily negotiations.
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We’ve been guiding people through times of uncertainty since 2015. Talk to us for free to see what we can do for you.
