These are inevitably and unavoidably going to be difficult and challenging times for all businesses, from one-man bands through to large corporate organisations. The key to survival of any business will be dependent on many factors, but principally the decisive first steps and actions of management and owners in the early stages of the crisis.
Read MoreThe last 30 years have been an age of hyper consumption.
Instead of reusing objects, we became a throwaway society and the era of instant gratification has resulted in many people living beyond their means and inevitably getting into debt.
Read MoreWhile many New Zealanders were still swanning about on holiday, the Review of Retirement Income Policies submitted to the Minister of Commerce and Consumer Affairs went public.
Stop. Don’t hit the ESC button. This is important to everyone, whether you are in or out of debt.
Read MoreThink of debt like a beautifully kept car, with regular cleaning and maintenance it’ll remain shiny, reliable and functioning. But with a few months or years of neglect, it’ll become messy and at risk of a breakdown.
Read MoreNobody wants to be swamped with debt, but many things affect a person’s financial stability and plenty of New Zealanders struggle to pay the bills.
Read MoreSadly, in this world of buy now pay later we can often find ourselves in a position where there is simply not enough money to pay others what we owe them.
Read MoreStruggling to understand what a Summary Instalment Order (SIO) or Debt Repayment Order is - this article helps simplify the mystery and to help you work out whether it is a right insolvency option for you
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