Story: Business failures and corporate fraud

Bankruptcies and liquidations, 1875–2002

Bankruptcies and liquidations, 1875–2002

Before the 1980s the number of bankruptcies rose during periods of general economic distress in New Zealand. The depressions of the 1870s and early 1930s were reflected in increased numbers of bankrupts – mostly due to business failures. However bankruptcies in the late 1980s and 1990s were more often the result of excessive spending by individuals.

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How to cite this page:

Graeme Hunt, 'Business failures and corporate fraud - Personal bankruptcy, corporate failure and fraud', Te Ara - the Encyclopedia of New Zealand, (accessed 12 August 2022)

Story by Graeme Hunt, published 11 Mar 2010