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New Zealand firms paid employees up to $31,820 from asset sales, but customers get nothing.
Employees at New Zealand’s Kitchen Things and solarZero received full statutory entitlements of up to $31,820 each, paid from asset sales and tax recoveries.
Kitchen Things employees were paid within five weeks due to rapid inventory sales, while solarZero’s payouts were delayed by complex tax claims and gradual solar panel sales to preserve value.
Despite the payments, customers remain unsecured creditors with no claim to goods or refunds, as tracing items to individual orders is often impractical.
Remaining stock is being sold via auction site number8.bid.
Grant Thornton New Zealand, overseeing the process, emphasized fair outcomes for all stakeholders.
Las firmas neozelandesas pagaban a los empleados hasta $31,820 de la venta de activos, pero los clientes no recibían nada.