NZ Liquidations At A 15-Year High: What’s Really Happening? w Brent Norling
About this episode
The episode discusses the rise in liquidations in New Zealand and the contributing factors, featuring lawyer Brent Norling.
New Zealand liquidations have hit a 15-year high, the highest since the GFC. Todays guest is lawyer Brent Norling who's receiving 160 calls a month from businesses drowning in tax debt, one of the main driving factors of these liquidations. IRD debt has exploded from $2.5 billion to $9.5 billion, with the next update likely starting with a 10. The pattern is often the same: lose money on a job, do the next job to pay for the previous one, then use IRD and creditors to fund the shortfall until it all collapses. We cover why employees get burnt when Kiwisaver deductions aren't paid, the construction domino effect when big companies fail, and why most directors never get prosecuted despite owing millions. Plus the harsh reality: if you're using IRD as your bank, you're competing unfairly until you get caught. The liquidation wave is here. Don't be next. Find Brent: Website: https://norlinglaw.co.nz/ Linkedin: https://www.linkedin.com/in/brent-norling/ Amy from http://Levridge.co.nz has come on as a sponsor of Keep The Change to help people with their financial planning. Stuck? Find Amy : amy@levridge.co.nz Instagram: https://www.instagram.com/amy.levridge Website…
People in this episode
Guest: Brent Norling
Topics covered
- liquidations
- tax debt
- financial planning
- business collapse
- construction industry
- director responsibilities
Sponsors
Levridge, Generate
Mentioned in this episode
Organizations: nextAdvisory, IRD, Kiwisaver
Places: New Zealand
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