Bella Vista Developer Danny Cancian Fights Bankruptcy Challenge Over $1 Million Debt

Enter a keyword
The man behind Tauranga's failed Bella Vista development is fighting a New Zealand High Court challenge to declare him bankrupt, promising the court he has a plan to pay back a $1 million debt to a building materials supplier, the New Zealand Herald reported. Danny Cancian, former director of the now-liquidated Bella Vista Homes company, shed tears as he appeared via audio-visual link in the High Court at Tauranga yesterday. The 21-home Bella Vista development in The Lakes was evacuated by Tauranga City Council in 2018 over claims of construction deficiencies. The saga has since sparked multiple court cases. In one, Cancian was taken to court by Carter Holt Harvey, the owner of retail timber giant Carters. Cancian owes the company $1.078m racked up during the construction of the development. When his company Bella Vista Homes was liquidated, a number of creditors stepped forward, including Carters, which was owed one of the largest sums. Carters took Cancian to court in 2017, suing him for the unpaid debt. The company argued Cancian was personally liable for his former business' bill because he signed a personal guarantee for a line of trade credit. Cancian, however, argued Carters led him to believe his liability would be limited to $50,000 and that the credit limit was raised without his knowledge. Read more.
Location