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Insolvency and Trustee Service Newsletter July 2010
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Ministry of Economic Development



ITS 2009 Archive

February

General
Get instant online access to claim details When you register a claim against a bankruptcy estate you instantly have access to the more info tab from the ‘insolvency details’ screen. ... more
November and December Proceeds of Crime figures released There were four new orders made in November 2008 placing the Official Assignee (OA) into Custody and Control of property totalling approximately $3,215,324.41. All cases were drug related. ... more
All your claims in one place On the Insolvency and Trustee Service website an organisation is able to create a creditor register to list the details of creditors they lodge claims on behalf of. This means organisations can register claims on behalf of a number of different creditors and view all the details of these claims using one logon. ... more
Voluntary administration and liquidation At times like these it is important to understand what Voluntary Administration and Liquidation are and the differences between the two options. ... more
National Enforcement Unit releases January figures The National Enforcement Unit received one new insolvency case in January 2009. ... more
March

General
Transfer of property set aside In a recent case the Supreme Court examined the particular nature and circumstances of a debtor-creditor relationship and determined the creditor’s interests should be safeguarded which ensured the debtor did not profit from their dishonesty. ... more
New premises for Napier and Proceeds of Crime Unit Our Napier and Proceeds of Crime Unit office will be moving to new premises from 27 March 2009. ... more
Bankrupt denied discharge In a recent decision by Justice Heath at the Hamilton High Court, Miles John McKelvy was denied a discharge from his bankruptcy. ... more
National Enforcement Unit releases February figures The National Enforcement Unit received fourteen new insolvency cases in February 2009. ... more
April

General
Vero Excellence in Business Support Award finalist Congratulations to the Insolvency and Trustee Service who are finalists in the annual 2009 Vero Excellence in Business Support Awards. ... more
Insolvency insight The Minister of Commerce, Hon Simon Power, introduced the Insolvency Amendment Bill (the Bill) to Parliament on 9 March 2009. ... more
National Enforcement Unit releases March figures The National Enforcement Unit (NEU) received 2 new Insolvency cases in March 2009. ... more
May

General
Interested in insolvency statistics? The Insolvency and Trustee Service website includes a section dedicated specifically to statistics on Bankruptcy, No Asset Procedures, Summary Instalment Orders and court appointed Liquidations. ... more
How do I amend or withdraw a claim online? To amend or withdraw a claim you must first logon using your registered username and password. ... more
National Enforcement Unit releases April figures for Insolvency Act offences The National Enforcement Unit received eight new insolvency cases in April 2009. ... more
June

General
ITS wins two Vero Excellence in Business Support Awards Congratulations to the Insolvency and Trustee Service (ITS) who on 28 May, were announced as the winners of two Vero Excellence in Business Support Awards. ... more
National Enforcement Unit releases May figures for Insolvency Act offences The National Enforcement Unit (NEU) received four new insolvency cases in May 2009. ... more
July

General
Improved information page for creditors The Insolvency and Trustee Service has revamped its creditor information page, making information more accessible for creditors. ... more
Need help filing your claim online? Try our new animated demonstration. If you are owed money by a person who has become bankrupt, entered a No Asset Procedure (NAP) or Summary Instalment Order (SIO), or by a company that has gone into liquidation, you are entitled to file a claim for what you are owed and share in any distribution that may be paid out of the insolvent estate. ... more
National Enforcement Unit releases June figures for Insolvency Act offences The National Enforcement Unit (NEU) received seven new insolvency cases in June 2009. ... more
August

General
National Enforcement Unit releases July figures for Insolvency Act offences The National Enforcement Unit (NEU) received six new insolvency cases in July 2009. ... more
September

General
Adjustment to the employee preferential claim figure under the Companies Act 1993 and the Insolvency Act 2006 Insolvency law provides all creditors with some measure of equality in order to avoid destructive fights between creditors and wasteful races to courts to recuperate their debts. ... more
Improving the operation of financial markets On 26 August, as part of the range of measures government is putting in place to improve the operation of financial markets, Commerce Minister Simon Power announced three key areas where new regulations are being put in place. ... more
National Enforcement Unit releases August figures for Insolvency Act offences The National Enforcement Unit (NEU) received three new insolvency cases in August 2009. ... more
October

General
Adjustment to the employee preferential claim figure under the Companies Act 1993 and the Insolvency Act 2006 The adjusted employee preferential threshold amount came into effect on 25 September 2009. ... more
National Enforcement Unit releases September figures for Insolvency Act offences The National Enforcement Unit (NEU) received 13 new insolvency cases in September 2009. ... more
November

General
ITS enters into agreement with Mexican counterparts In October 2007, the Insolvency and Trustee Service (ITS) hosted a senior delegation from the Administration and Disposal of Property Service of Mexico (SAE). ... more
National Enforcement Unit releases October figures for Insolvency Act offences The National Enforcement Unit (NEU) received five new insolvency cases in October 2009. ... more
December

General
Christmas holiday hours and services The Insolvency and Trustee Service and Business Service Centre offices will close at 5.00pm Thursday, 24 December 2009 and reopen at 8.30am Tuesday, 5 January 2010. ... more
National Enforcement Unit releases November figures for Insolvency Act offences The National Enforcement Unit (NEU) received six new insolvency cases in November 2009. ... more