Debtfix blog

The law change means any practitioner dealing in New Zealand insolvency cases must comply with the Act and be licensed, which includes debt specialists, and accountants or lawyers working in insolvency.

Debtfix co-founders Shaun Adams and Christine Liggins are both licensed insolvency practitioners.

At last Pretty Penny has met its judicial fate and been sent packing from New Zealand.

Far from ‘helping everyday people’ as their tagline states, Pretty Penny was a thorn in the side of those of us who deal with the fall out of financially desperate Kiwis trapped in debt blow outs.

Small loans with extortionate interest rates clearly target New Zealanders who struggle to make ends meet and often they borrowed money with little knowledge of the true cost of their loan.

When a marriage or de facto relationship breaks up financial matters often cause a lot of grief, especially when money is used as a weapon to hurt the other partner. People often think about the division of assets and custody of children, but debt floats our boat and we have investigated what happens when a Kiwi couple decides to set sail in different directions.

Everybody and every organisation should have a budget and regularly review it, whether it’s a business, household, sports club, or the New Zealand Government. The Wellbeing Budget 2020: Rebuilding together was rapidly changed in response to COVID-19 and indicates further support for people who are the most vulnerable.

There’s no easy way of saying it — the Covid-19 crisis has caused significant financial stress for many New Zealand households and will continue to do so for a long time to come.