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Insolvencies in hospitality industry expected to rise

Photo: 123RF
A survey of practioners and members by Restructuring Insolvency & Turnaround Association (RITANZ) indicated the numbers of appointments of liquidators for January and February at the lowest levels in three years.
This suggests there may be a number of zombie businesses continuing to operate with the help of government funding, but we may see a number of liquidations in the coming years for those that are unable to repay their debts, RITANZ chair John Fisk said.
And that s a problem for our economy because essentially we know that they are eventually going to fail and usually once they do, the debts are higher than they would have been otherwise, and also they end up taking business away from good businesses. ....

John Fisk , Restructuring Insolvency Turnaround Association , Restructuring Insolvency , Turnaround Association , Debt Hibernation Scheme , ஜான் ஃபிஸ்க் , மறுசீரமைப்பு நொடித்துப்போனது திருப்புமுனை சங்கம் , மறுசீரமைப்பு நொடித்துப்போனது , திருப்புமுனை சங்கம் ,

Community Scoop » RITANZ COVID-19 Insolvency Survey Shines Light On Kiwi Business Issues

Press Release – RITANZ
Restructuring Insolvency & Turnaround Association New Zealand (RITANZ) has today revealed findings from its COVID-19 insolvency survey, which sought to uncover the views of its members and insolvency practitioners across the country. The survey …
Restructuring Insolvency & Turnaround Association New Zealand (RITANZ) has today revealed findings from its COVID-19 insolvency survey, which sought to uncover the views of its members and insolvency practitioners across the country.
The survey has revealed that the hospitality industry is expected to be the hardest hit over the next year, with 90% of respondents predicting a rise in insolvency appointments in that sector. This was followed closely by the tourism (88%), retail (82%) and accommodation industries (78%). ....

New Zealand , John Fisk , Restructuring Insolvency Turnaround Association New Zealand , Press Release , Turnaround Association New Zealand , Debt Hibernation Scheme , New Zealand , புதியது ஜீலாந்து , ஜான் ஃபிஸ்க் , மறுசீரமைப்பு நொடித்துப்போனது திருப்புமுனை சங்கம் புதியது ஜீலாந்து , ப்ரெஸ் வெளியீடு , திருப்புமுனை சங்கம் புதியது ஜீலாந்து ,

RITANZ COVID-19 Insolvency Survey Shines Light On Kiwi Business Issues

Monday, 19 April 2021, 10:40 am
Restructuring Insolvency & Turnaround Association New
Zealand (RITANZ) has today revealed findings from its
COVID-19 insolvency survey, which sought to uncover the
views of its members and insolvency practitioners across the
country.
The survey has revealed that the hospitality
industry is expected to be the hardest hit over the next
year, with 90% of respondents predicting a rise in
insolvency appointments in that sector. This was followed
closely by the tourism (88%), retail (82%) and accommodation
industries (78%).
The vast majority of respondents
(93%) expect that insolvency appointments will increase over
the next 1-2 years and 60% expect they will rise in the next ....

New Zealand , John Fisk , Citizen Community , Foundation For Public Interest Journalism , Restructuring Insolvency Turnaround Association New Zealand , Turnaround Association New Zealand , Debt Hibernation Scheme , Scoop Citizen Community , In Depth Engaged Journalism , Scoop Foundation , Public Interest Journalism , புதியது ஜீலாந்து , ஜான் ஃபிஸ்க் , குடிமகன் சமூக , அடித்தளம் க்கு பொது ஆர்வம் பத்திரிகை , மறுசீரமைப்பு நொடித்துப்போனது திருப்புமுனை சங்கம் புதியது ஜீலாந்து , திருப்புமுனை சங்கம் புதியது ஜீலாந்து , ஸ்கூப் குடிமகன் சமூக , இல் ஆழம் நிச்சயதார்த்தம் பத்திரிகை , ஸ்கூப் அடித்தளம் , பொது ஆர்வம் பத்திரிகை ,

Insolvencies in hospitality industry expected to rise

Insolvencies in hospitality industry expected to rise
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

John Fisk , Restructuring Insolvency Turnaround Association , Getty Ninety , Restructuring Insolvency , Turnaround Association , Debt Hibernation Scheme , ஜான் ஃபிஸ்க் , மறுசீரமைப்பு நொடித்துப்போனது திருப்புமுனை சங்கம் , மறுசீரமைப்பு நொடித்துப்போனது , திருப்புமுனை சங்கம் ,

Business Scoop » RITANZ COVID-19 Insolvency Survey Shines Light On Kiwi Business Issues

Business Scoop » RITANZ COVID-19 Insolvency Survey Shines Light On Kiwi Business Issues
scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.

New Zealand , John Fisk , Restructuring Insolvency Turnaround Association New Zealand , Press Release , Turnaround Association New Zealand , Debt Hibernation Scheme , புதியது ஜீலாந்து , ஜான் ஃபிஸ்க் , மறுசீரமைப்பு நொடித்துப்போனது திருப்புமுனை சங்கம் புதியது ஜீலாந்து , ப்ரெஸ் வெளியீடு , திருப்புமுனை சங்கம் புதியது ஜீலாந்து ,