TechDay New Zealand - Aotearoa's technology news network

Insolvency Stories

Kiwi Stories

Insolvency stories

Buyer chosen for central Auckland's abandoned Seascape tower
Real estate

Buyer chosen for central Auckland's abandoned Seascape tower

Relief for Auckland's skyline may be near, with a wealthy bidder lined up to revive the stalled 56-storey Seascape tower.

By RNZ • 2 min read • This month
Builders' co-op calls for major reform as industry struggles
Small Business

Builders' co-op calls for major reform as industry struggles

Construction activity has slumped to its lowest level since 2015, prompting calls for faster consents and fairer liability rules.

By Local Democracy Reporter • 4 min read • Last month

Global Stories

Insolvency stories

Lenvi expands standby servicing team on rising demand
Disaster Recovery

Lenvi expands standby servicing team on rising demand

The enlarged team is meant to reassure lenders and investors as standby servicing becomes a bigger part of risk planning for loan portfolios.

By Sofiah Nichole Salivio • 3 min read • Last month
Click Frenzy & Power Retail enter liquidation
Digital Transformation

Click Frenzy & Power Retail enter liquidation

Staff and creditors face uncertainty as both businesses keep trading under external control while receivers assess their future.

By Sean Mitchell • 3 min read • Fri, 3rd Apr 2026

Stories from Other Regions

Insolvency stories

One in eight Australian cafés shut as pressures mount
Small Business

One in eight Australian cafés shut as pressures mount

Higher costs and weaker consumer spending have pushed Australia's hospitality sector into its worst strain in years, with arrears at record highs.

By Mark Tarre • 4 min read • Last month
PGI Canada launches personal guarantee cover for loans
Fintech

PGI Canada launches personal guarantee cover for loans

Canadian business owners now have a new way to cap personal losses when lenders enforce personal guarantees on commercial loans.

By Karen Joy Bacudo • 4 min read • Last month
Furniture Trader revenue rises 30% to more than AUD $30m
Customer Experience

Furniture Trader revenue rises 30% to more than AUD $30m

A store-led strategy has helped the Melbourne family retailer outpace a shaky sector, with demand holding up for bulky, in-person purchases.

By Sofiah Nichole Salivio • 5 min read • Last month
AI could add AUD $4.8bn to small accounting sector
Digital Transformation

AI could add AUD $4.8bn to small accounting sector

Labour shortages and rising client demands could be eased if more firms adopt AI, MYOB says, boosting annual revenue by AUD $4.8 billion.

By Karen Joy Bacudo • 5 min read • Thu, 30th Jul 2026
ATO tax debts lift insolvency risk for Australian firms
Data Analytics

ATO tax debts lift insolvency risk for Australian firms

More than 35,000 Australian businesses now face heightened failure risk as ATO debts above AUD $100,000 coincide with rising defaults.

By Karen Joy Bacudo • 5 min read • Wed, 22nd Jul 2026
Nuvo adds CreditRiskMonitor risk data to finance workflows
Fintech

Nuvo adds CreditRiskMonitor risk data to finance workflows

Finance teams can now spot customer distress earlier as Nuvo embeds CreditRiskMonitor's risk alerts and credit guidance into automated workflows.

By Karen Joy Bacudo • 4 min read • Fri, 10th Jul 2026
Earlypay warns SMEs on late payments as costs rise
Data Analytics

Earlypay warns SMEs on late payments as costs rise

Rising costs and overdue invoices are squeezing Australian SMEs, with late payments now at a six-year high, Earlypay says.

By Karen Joy Bacudo • 5 min read • Mon, 29th Jun 2026
Waste services insolvencies surge as defaults climb
Supply Chain

Waste services insolvencies surge as defaults climb

Insolvencies in the industry are now more than three times the national average, as diesel, landfill levies and debt costs squeeze margins.

By Karen Joy Bacudo • 5 min read • Thu, 25th Jun 2026
Canadian entrepreneurship falls as credit strain rises
Small Business

Canadian entrepreneurship falls as credit strain rises

More firms are missing lender payments even as start-up activity slumps, underscoring pressure on Canadian small businesses and credit markets.

By Karen Joy Bacudo • 6 min read • Tue, 16th Jun 2026
Brickflow & Revcore launch distressed property team
Fintech

Brickflow & Revcore launch distressed property team

Rising rates and insolvencies are forcing lenders to move faster on troubled assets, prompting a new workout service for distressed property.

By Sean Mitchell • 4 min read • Tue, 9th Jun 2026
Australia's late business payments hit six-year high
Manufacturing

Australia's late business payments hit six-year high

Cash-flow strain is deepening as overdue invoices and tax debts rise, with smaller firms hardest hit by higher rates and costs.

By Karen Joy Bacudo • 6 min read • Wed, 20th May 2026
Australia's truck sector faces fuel, staff & safety strain
Digital Transformation

Australia's truck sector faces fuel, staff & safety strain

Rising diesel prices and tighter rules are squeezing operators, with many warning that cashflow and driver shortages could tip them into failure.

By Mark Tarre • 6 min read • Mon, 18th May 2026
Mid-sized fintech firms squeezed out as funding tightens
Fintech

Mid-sized fintech firms squeezed out as funding tightens

Higher rates and tougher investor scrutiny are forcing mid-tier fintechs into sales, restructuring or shutdown as capital pools shrink.

By Karen Joy Bacudo • 4 min read • Mon, 20th Apr 2026