How to identify a company in financial difficulty | Practical Law

How to identify a company in financial difficulty | Practical Law

A practice note explaining the "decline curve" of a business in financial difficulty and how to obtain information to assess whether a company is in financial distress or crisis. The note explains what insolvency means, how to react to it and the tests to prove a company's inability to pay its debts.

How to identify a company in financial difficulty

Practical Law ANZ Practice Note w-022-5924 (Approx. 19 pages)

How to identify a company in financial difficulty

by Practical Law New Zealand
Law stated as at 14 Dec 2022New Zealand
A practice note explaining the "decline curve" of a business in financial difficulty and how to obtain information to assess whether a company is in financial distress or crisis. The note explains what insolvency means, how to react to it and the tests to prove a company's inability to pay its debts.