The Ministry of Business Innovation and Employment has provided some information and flowcharts on their website to provide a very basic explanation on some aspects of the insolvency process as guidance to the public:
Please note that the insolvency process is vastly more complicated and detailed than the information contained here and as such we strongly encourage creditors, shareholders, directors etc to always consult with a RITANZ Accredited Insolvency Practitioner. These practitioners are held to a high level of standard and codes of ethics that are upheld by Chartered Accountants Australia and New Zealand.
MBIE | Company insolvency options | Insolvency and Trustee Service