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,…
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…
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…
Absolute Traffic Solutions liquidated over $1.1m Inland Revenue debt, 85 staff sacked
They appear in the accounts as preferential creditors but whether they will get their wages and salaries remains…
Engineering firm Obelisk Industrial goes bust, BNZ and Kiwibank among creditors owed $11m
Ecovis’ report said the company was in trouble for several months prior to the liquidators’ appointment, “caused by…