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Browsing Tag

creditors

42 posts
BBusiness
Three Auckland housing companies owned by Lining Wan in liquidation owing about $18m
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Three Auckland housing companies owned by Lining Wan in liquidation owing about $18m

  • August 5, 2026
According to the first liquidators’ report for Diamond Homes, the company employed more than 100 staff at its…
BBusiness
Developer Jeff Gao: How a Double Grammar mansion and Rolls-Royce lifestyle crashed in months
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Developer Jeff Gao: How a Double Grammar mansion and Rolls-Royce lifestyle crashed in months

  • July 18, 2026
Online lender Rhino Solutions was among the more recent financiers to advance Gao funds and is the one…
BBusiness
Liquidation for ex-Hawkins firms nears end: unsecured creditors get 4c in the dollar
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Liquidation for ex-Hawkins firms nears end: unsecured creditors get 4c in the dollar

  • July 13, 2026
The company was founded in Hamilton in 1946 by Fred Hawkins. In 2017, just prior to an adverse…
BBusiness
Weiti project developer Green & McCahill Holdings owes creditors $73m, liquidators say
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Weiti project developer Green & McCahill Holdings owes creditors $73m, liquidators say

  • July 9, 2026
Directors are Tung-kuang Liu and Gianna Lee Evans. Fisk and Bennett said Green & McCahill Holdings was incorporated…
SSports
Stubbs Contractors liquidation: Gisborne forestry firm falls nearly $4.5m short of creditor claims
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Stubbs Contractors liquidation: Gisborne forestry firm falls nearly $4.5m short of creditor claims

  • July 4, 2026
Their final liquidators’ report was released at the end of last month. Preferential, secured and unsecured creditors combined…
SSports
QSM Davinder Rahal in debt: Two buildings, bankrupt buyer - and ties to former jailed Masala boss
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QSM Davinder Rahal in debt: Two buildings, bankrupt buyer – and ties to former jailed Masala boss

  • July 1, 2026
A young couple is also chasing Rahal for almost $1m after winning a court judgment that he deceived…
BBusiness
The National Distillery Co: Napier gin maker owes over $2 million to creditors, possible buyer found
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The National Distillery Co: Napier gin maker owes over $2 million to creditors, possible buyer found

  • June 24, 2026
A liquidators’ report released on Wednesday shows the company owes over $2 million to creditors. The report also…
BBusiness
Wild Poppies creditors angry over florist’s sale to director’s son before liquidation
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Wild Poppies creditors angry over florist’s sale to director’s son before liquidation

  • June 22, 2026
The company also had $326,600 in accounts payable that liquidators classed as “probable claims”. The only assets liquidators…
BBusiness
Sportclub liquidators claw back $209k but creditors still out of pocket by $1.1m as probe continues
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Sportclub liquidators claw back $209k but creditors still out of pocket by $1.1m as probe continues

  • June 17, 2026
In their second six-monthly liquidator’s report, released June 16, Khov and Jones said they had realised an estimated…
BBusiness
Creditors of SPQR restaurant lose $2.3 million as liquidators wind up company
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Creditors of SPQR restaurant lose $2.3 million as liquidators wind up company

  • June 16, 2026
Rupe has since been declared bankrupt and banned from running a company for eight-and-a-half years for alleged mismanagement…
SSports
Bankrupt Auckland developer chased by creditors set to lose $3.8m Tōtara Park home and Mercedes
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Bankrupt Auckland developer chased by creditors set to lose $3.8m Tōtara Park home and Mercedes

  • June 13, 2026
Other creditors include non-bank lenders and building suppliers – such as New Lynn’s Mitre 10 Mega, a Pink…
BBusiness
Verona cafe owner JCK Holdings owes more than $700k to creditors as liquidators move to sell business
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Verona cafe owner JCK Holdings owes more than $700k to creditors as liquidators move to sell business

  • May 29, 2026
Pihama and Bowker visited the business on the date of their appointment, where they learned the employees had…
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