Free tips and information to help you thrive in New Zealand’s legal environment
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.
Making headlines recently was the stopping of a development of 13 new homes in Remuera just weeks from completion, after a successful challenge against the resource consent approval from neighbours. How did this happen and how could the project get so far along before being stopped?
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.
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.
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.
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.
In this episode, we spoke with retired Judge Rosemary Riddell about her book “To Be Fair: Confessions of a District Court Judge”. In her book, Judge Riddell shared stories and insights about her life on the bench.
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.
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?