Te Awanga Estate collapses as Te Awanga Wine Festival to end this year
Subscriptions had not yet been cancelled because the company was planning an “end of empire sale” initiated by…
Creditors lose $2.3 million as liquidation of Little Island Creamery winds up
The sale of the business and related fixed assets returned $515,000. A further $138,596 was recovered through the…
Liquidators of Northland engineering firm Obelisk Industrial chase director over $9m shortfall
The liquidators said they had nevertheless served demand letters on Culham seeking recovery of the amount alleged to…
East Wind $53m Ponzi scheme: Liquidators say investors to get almost nothing
Warning flags included East Wind offering fixed-interest currency trading investments, usually a highly volatile asset class and also…
Shield and First Guardian raise the question, who pays when super funds collapse?
Thousands of First Guardian investors were dealt another devastating blow in December when it was revealed just $1.6…
SolarZero collapse: Liquidators claw back $2.7m but creditor claims two trusts owed $979m
Grant Thornton released its third report to shareholders and creditors of SolarZero and its associated companies yesterday. The…
Retirement village mover lost Arvida contracts, now being liquidated
Last November, Arvida was sold to private equity firm Stonepeak. “As a result, they reviewed and cut costs,…
Ponsonby beauty clinic with staff at centre of wage dispute owes almost $500,000
In their first report, the liquidators’ said “the director has advised that the reason for insolvency is due…
Two Tairāwhiti-based businesses enter liquidation, allegedly owing hundreds of thousands in tax
The only creditor listed is IRD, which is claiming $158,324.58 as a preferential unsecured creditor and $333,920.54 as…
GrabOne in liquidation owing creditors more than $16.5 million
Preferential creditors are owed $518,531, which includes employee entitlements of $365,278 and $153,253 owing to Inland Revenue. Unsecured…
Auckland restaurant Sidart owes former owner almost $1m after going into liquidation
“To our amazing guests, thank you for your continued patronage, your smiles, and the many conversations that turned…
Promoters of cancelled Juicy Festival and Timeless Summer Tour owe creditors more than $14 million
The liquidators’ recently released six-monthly reports into the two companies show Juicy New Zealand owes more than $8.8m…