Liquidators report on reason for Wellington’s Leuven Belgian Beer Cafe closing after 25 years
The liquidators said they were informed by the director that all trade creditors had been paid prior to…
Auckland supermarket Food4Less New Lynn allegedly owes $2.9m to more than 90 creditors
Patel said the whole sell-down process took 11 days from the date of the liquidation. A statement of…
Rickhil Prakash’s Hills Real Estate alleged debt now above $30m after two more companies liquidated
“We have been advised by the company’s accountants that no financial statements were prepared,” the liquidators said. Liquidators…
Te Awanga Estate Winery group liquidation: $12m owed to 100+ creditors
According to Nacey and Fisk’s first report, released on Friday, the companies’ shareholders made the decision to appoint…
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…