McDonald Vague

We are New Zealand's leading insolvency and business recovery specialists. We have been providing advice and expertise to companies and individuals facing financial difficulties for over 20 years.

Restructuring

We provide financial and strategic analysis and advice to restructure companies at risk of failure.

Compromises

We can implement strategies which enable a company or individual to avoid a formal insolvency by reaching an agreement with creditors.

Receiverships

We accept appointments as receivers for the purpose of realising assets and paying money to secured creditors.

Liquidations

We implement the necessary procedures to put a company into liquidation when it is insolvent. We also conduct solvent liquidations.

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Insolvency and business recovery

Welcome to McDonald Vague, New Zealand's leading insolvency and business recovery specialists. We have been providing advice and expertise to companies and individuals facing financial difficulties for over 20 years. We understand the maze of practical, technical and legal issues surrounding business recovery and insolvency. McDonald Vague is known for its ability to get in quickly, assess the situation and use our knowledge and expertise to bring our clients the best possible outcome.

As a medium-sized firm which only undertakes business recovery and insolvency work, we are able to operate independently. We are a member of, and regulated by the New Zealand Institute of Chartered Accountants and have a solid reputation for demonstrating commercial acumen, maximising creditors' returns, and responsible fee management. We are based in Auckland, Hamilton and Whangarei, but handle assignments throughout New Zealand.

Latest articles from McDonald Vague

  • A little bit of magic (9/05/2012)

    Business involves hard work and a bit of luck (or magic, given that only 29% of new businesses survive their tenth year). When things go wrong, a news release or a prosecution does not help creditors. Money in the hand does.Read full article

  • The Personal Property Securities Act 1999 – pitfalls for creditors (2/04/2012)

    It is now almost ten years since the Personal Property Securities Act 1999 ("PPSA") was enacted. Despite this, in our insolvency work we still regularly come across suppliers who have not performed the necessary registrations, and as a result lose priority to other creditors. This is highly unfortunate, given that a PPSR registration is simple to do and costs only $3.07. A PPSR registration is a little like income protection insurance - not terribly exciting to think about now, but it can make all the difference if the unexpected happens. We encourage all our clients to check that they, and their own clients, are fully conversant with this vital area. In this short article we attempt to explain the main points of the PPSA and its implications for suppliers.Read full article

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