Futureverse collapse: How a claimed billion-dollar Kiwi-founded crypto company roll-up left $40m in debts
Futureverse was then flying high. It had successfully, from the Cayman Islands, executed a complex merger deal with…
Three Auckland housing companies owned by Lining Wan in liquidation owing about $18m
According to the first liquidators’ report for Diamond Homes, the company employed more than 100 staff at its…
Lee Andrews arrested in Dubai again for unpaid debts, faces prison time
“Now he’s shaven-headed again and he looked really annoyed about it. “He had a face like thunder when…
Auckland’s failed 1200-home Weiti Bay project: Land set to be sold to recover $67m-plus in debts
But when sales stalled, it plunged the project into a court battle so toxic it aired claims of…
Former Whangārei real estate agent Danny de Graaf leaves $145k debt after move to Australia
Inland Revenue is the only named creditor. Assets of the companies have been put at zero, although Whimp…
ANZ NZ’s profit flat at $1.3b in half year; bank ups provisions for bad debts
Furthermore, ANZ put more money aside for credit impairments, as it was wary of the impact conflict in…
Cambodia approves creation of companies to buy bad debts
Economy Move comes as nonperforming loans soar in economy battered by tariffs and war The National Bank of…
Labour asks Govt to exempt abuse in care survivors, people in hardship from MSD debt law change
The legal reforms are not connected with the compensation payments that abuse in care survivors will receive as…
Govt to reverse court ruling on MSD debts impacting 40,000, including abuse in care survivors
Recently, the High Court ruled MSD was wrong to do this, but the Government disagreed and has introduced…
Government legislation will reverse court decision that could have wiped large debts for beneficiaries
CLCA chief executive Sue Moroney said this delay can be years and in the meantime, some people will…
Yoyoso parent Acecco in receivership with $11.6m debts, repayments unlikely
Acecco Holding is also a 51% shareholder of Beautylife Electronics NZ, which has so far not been affected…
EPF savings drained to repay son’s debts
IPOH: His savings with the Employees’ Provident Fund (EPF) have all been used to clear his youngest son’s…