Results for New Zealand
- Outlook Gloomy As Podmore Faces Bankruptcy
The receiver of failed lender St Laurence says investors will probably get a return at the lower end of its forecast range, and is working towards making a second repayment in August, BusinessDay reported. Receivers Barry Jordan and David Vance of Deloit ...
Daily Headline - global.abi.org - 06/26/2011 - 22:00 - 0 comments
- Crafars And Receivers Come To Agreement
The Crafar family have reached a truce with receivers, nearly two years after the collapse of their farming empire, The New Zealand Herald reported. And they say they remain hopeful the Government will reject the latest Chinese bid for 13 dairy farms ...
Daily Headline - global.abi.org - 06/23/2011 - 23:32 - 0 comments
- SFO Drops Investigation Into Bublitz’s Mutual Finance
The Serious Fraud Office has dropped its investigation into Mutual Finance and Viaduct Capital and handed information to the Financial Markets Authority (FMA) to consider, The National Business Review reported. Mutual Finance operated in its final da ...
Daily Headline - global.abi.org - 06/22/2011 - 23:41 - 0 comments
- Lombard Receiver At Odds With IRD Over $4.5 Million Bill
The receiver of Lombard Finance & Investments is at loggerheads with the Inland Revenue Department over a $4.5 million tax bill relating to the sale of a building before the failed lender was wound up, Business Day reported. PricewaterhouseCoopers ...
Daily Headline - global.abi.org - 06/21/2011 - 21:14 - 0 comments
- Liquidators Fail To Recover Any Walter Peak Cash
Liquidators have been unable to recover any money following the failed multimillion-dollar Walter Peak development, Business Day reported on a Southland Times story. Roderick Nielsen, his brother Greg and another director, Justin Russell, of London, ...
Daily Headline - global.abi.org - 06/20/2011 - 22:27 - 0 comments
- Fiji Resort $10 Million Headache For Allied Farmers
Hanover Finance's loan to Fijian resort Vatulele has proved disastrous for Allied Farmers with ASB Bank calling in the receivers, The New Zealand Herald reported. The multimillion-dollar loan on the resort, a popular winter destination for New Z ...
Daily Headline - global.abi.org - 06/20/2011 - 22:28 - 0 comments
- Bleak Outlook For Dominion Finance Investors
Prospects of any returns for unsecured creditors owed $556,000 from failed Auckland finance company Dominion Finance Group remain dismal, according to the latest liquidators' report, and it's not so great for secured creditors either, BusinessD ...
Daily Headline - global.abi.org - 06/16/2011 - 23:03 - 0 comments
- David Henderson Bankrupted
Auckland property developer David Henderson has been declared bankrupt by an order made in Auckland's High Court, The National Business Review reported. The office of Mr Henderson's lawyer, Daniel Grove, said the order was made in judgment ...
Daily Headline - global.abi.org - 06/09/2011 - 22:42 - 0 comments
- NZ Global Sale Looms After Liquidation
Overseas buyers are lining up to take control of one of the largest online exporters of NZ-made consumer goods after the company was tipped into liquidation, Business Day reported. New Zealand Global Ltd, which sells a wide range of locally made products ...
Daily Headline - global.abi.org - 06/05/2011 - 22:46 - 0 comments
- Bus Maker Goes Bust
Creditors of Rolleston-based bus-maker Design Line were successful in placing the company into liquidation today, The National Business Review reported. Two creditors – Lyasight and ENI Engineering –advertised the liquidation petitions. The company h ...
Daily Headline - global.abi.org - 05/31/2011 - 17:11 - 0 comments