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Free tips and information to help you thrive in New Zealand’s legal environment

What is personal bankruptcy?

What is personal bankruptcy?

Personal bankruptcy is a method of clearing your debt if you cannot pay the money you owe. If you do not have any assets under your name, creditors can no longer pursue you for any of your existing debts.

The risks of buying “off the plan” properties

The risks of buying “off the plan” properties

Buying properties “off the plans” have become increasingly popular over the years. When you buy a property “off the plans,” this means you purchase the property before it is completed. Purchasers usually have to wait at least 1 year before construction is completed. Although there are some perceived benefits to buying “off the plan,” such as paying a lower purchase price and living in a brand new home, there are also many risks.

How to apply for a Court order to prevent certain actions?

How to apply for a Court order to prevent certain actions?

Do you want to urgently stop someone from doing something that is detrimental to your legal rights? If so, then you need to apply for an interim injunction at a New Zealand Court. An interim injunction is a temporary order made by the Court to restrain a person from doing something.

How to lodge a caveat over a property

How to lodge a caveat over a property

If a defendant owns land, there is a risk that the defendant can sell their land and dissipate the sale proceeds before the final Court trial can take place.

In order to prevent this from happening, the plaintiff can lodge a “caveat” over the title of the defendant’s land.

Podcast: Justin Lim of Quashed

Podcast: Justin Lim of Quashed

Capstone Business Talks is a podcast about the better ways to work and to grow a profitable business.

In this episode, we speak with Justin Lim, founder of Quashed about his entrepreneurship journey.

How can entrepreneurs protect their investment in a business?

How can entrepreneurs protect their investment in a business?

If a business fails and enters into liquidation, the entrepreneur is often regarded as an unsecured creditor. This means the entrepreneur is the last person to be repaid from the remaining business assets, ranking behind other secured creditors. There are a few steps an entrepreneur can take to prevent this from happening.

Webinar: What to look out for when buying an ‘off the plan’ new build

Webinar: What to look out for when buying an ‘off the plan’ new build

New build homes are increasingly becoming a solution for low deposit first home buyers to get on the ladder, or investors looking to maintain tax deductibility benefits, however, sunset clauses are catching buyers off guard as developers look to back out of a deal even after a deposit has been paid. How do you protect yourself from losing your property and place on the ladder with ever increasing property prices?